This is THE solar century
Solar has an amazing future. And that’s not just Solarcentury’s view. Analysts such as McKinsey, Deutsche Bank and Macquarie agree. As do energy giants, including Shell and E.on.
Why is this?
The sun is an unlimited power source: There’s a well-used stat out there, compelling nonetheless: every hour, the sun radiates more energy onto the earth than the entire human population uses in one whole year.
Solar power prices continue to drop dramatically: Solar is now 100 times cheaper than it was 35 years ago. And every time installation rates double, the price drops by a further 20%.
Unlike fossil fuels, capacity only increases: Once a solar panel has been made, it will produce clean energy for decades without needing to be replaced and without burning any fuel. Capacity is cumulative, and each new panel produced is added to the total of producing systems without using anything up or having knock-on effects downstream in the process.
It’s quick to deploy: Solar is scaleable, fast and easy to install. We’re well aware we’re running out of time to make the changes we need in our energy mix to prevent irreversible climate change. And due to its speediness and ease of install, solar is already playing a critical role in the transition to renewable, safe power.