UPSToday. - This is one of information to you about the solar power with the article titled with Solar Energy Prices Continue to Plunge While Coal Prices Climb Higher that written by Patrick Caughill and published in Futurism site.
Studies investigating the price of solar power have revealed some surprising results. Prices for new solar energy installations are continuing to fall by 26 percent in the last year, according to data compiled by Bloomberg New Energy Finance. Prices have fallen by even wider margins in some of the most important emerging markets like India and China.
Prices have fallen so much that it is now cheaper to build new commercial renewable energy sources than it is to keep existing coal and nuclear power plants running. The annual Levelized Cost of Energy Analysis from Lazard shows that prices for these traditional sources of power generation have risen in the past year, while renewable sources such as solar and wind continue to see costs lowering dramatically.
We can point to two basic factors that contribute to the lowering prices, improving technology and the increased use of auctions to drive competitive pricing.
The technology developed to capture renewable energy is able to generate more electricity with the same amount of light. In the case of wind power, Alberto Gandolfi, the head of European Utilities Research for Goldman Sachs, explains that today’s wind turbines can generate the same amount of power from 11 mph winds that wind turbines built ten years ago would generate from winds blowing at 22 mph.
And now you can read more about the article of Solar Energy Prices Continue to Plunge While Coal Prices Climb Higher by Patrick Caughill, from original source using link HERE.
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Prices have fallen so much that it is now cheaper to build new commercial renewable energy sources than it is to keep existing coal and nuclear power plants running. The annual Levelized Cost of Energy Analysis from Lazard shows that prices for these traditional sources of power generation have risen in the past year, while renewable sources such as solar and wind continue to see costs lowering dramatically.
We can point to two basic factors that contribute to the lowering prices, improving technology and the increased use of auctions to drive competitive pricing.
The technology developed to capture renewable energy is able to generate more electricity with the same amount of light. In the case of wind power, Alberto Gandolfi, the head of European Utilities Research for Goldman Sachs, explains that today’s wind turbines can generate the same amount of power from 11 mph winds that wind turbines built ten years ago would generate from winds blowing at 22 mph.
And now you can read more about the article of Solar Energy Prices Continue to Plunge While Coal Prices Climb Higher by Patrick Caughill, from original source using link HERE.
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