After launching their campaign for the innovative and very reasonably priced Sion solarcar at the end of July, Sono Motors, based in Munich, has three days remaining in its campaign to garner final support from backers on Indiegogo after recently reaching their goal of €150,000. expand full story
In a new report released by SolarCity, we are seeing that solar power systems have a usable lifetime of at least 35 years – 40% longer than the market expects. The key finding of the report is that power degradation (annual efficiency loss) of solar panels supplied to SolarCity is as much as 35% lower than for a comparable industry-wide selection of non-SolarCity panels, which are typically expected to last for 25 years. SolarCity feels it is the implementation of a stringent and industry-leading “Total Quality Program” that has driven this. expand full story
On May 26, 2016 – “U.S. Rep. Mike Honda (D-Silicon Valley, Calif.) introduced H.R. 5350, the bipartisan Energy Storage for Grid Resilience and Modernization Act. Honda was joined by Reps. Chris Gibson (R-NY), Tom Reed (R-NY) and Mark Takano (D-CA).” The purpose of the legislation is to clarify that energy storage industry receives a 30% tax credit equivalent in nature to what the Renewable Energy industry gets. The 30% Solar Power Tax Credit, is credited with being one of the major drivers for the solar power installation boom in the United States.
The US Department of Energy (DOE) is readying the power grids for solar power to meet 100%, and greater, of local electricity demand as solar peaks mid-day. The DOE is funding a series of projects whose broad goal is to make the power grid more able to be monitored and managed while dealing with less predictable and controllable forms of electricity generation.
Dubai received bid of $.0299/kWh for 800MW of solar power. This price represents the lowest yet recorded for solar power (and might not represent the end of the price drops…).
Dubai Electricity and Water Authority (DEWA) has received 5 bids from international organisations for the third phase of the Mohammed bin Rashid Al Maktoum Solar Park, said HE Saeed Mohammed AlTayer, MD & CEO of DEWA. The lowest recorded bid at the opening of the envelopes was US 2.99 cents per kilowatt hour. The next step in the bidding process will review the technical and commercial aspects of the bids to select the best one.
The price of solar power is falling faster than many thought was possible. Harvard’s David Keith comes honest with us about solar power: “Facts have changed. I was wrong.”
The unsubsidized electricity cost from industrial-scale solar PV in the most favorable locations is now well below $40 per megawatt-hour and could very easily be below $20 per megawatt-hour by 2020. Compared to other new sources of supply, this would be the cheapest electricity on the planet.