Grid Parity

Grid Parity

Grid Parity

01/19/17

“What happens when renewable energy becomes cheaper than it’s more corrosive counterparts?”
One of the major slanders against renewable energy is that it is too expensive to compete with traditional sources such as coal and petroleum. However thanks to the efforts of generations of scientists and engineers, the upfront cost for cleaner systems has dropped exponentially in the past few years, so much so that countries and states such as California and Germany have reached something called grid parity, or when renewable prices actually become cheaper than their corrosive counterparts with no subsidies! In fact, solar energy prices are falling so fast against rising electric utilities that according to a recent report by Deutsche Bank, 80% of the world market will have achieved grid parity by 2017!

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s