Wednesday, 13 April 2016

Energy

We live in interesting times from an energy supply point of view, this post aims to hold various items of relevant content.

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Apr2016 : Energy Trends article
A Bloomberg article describes how recent solar and wind auctions have been won by companies promising to deliver the lowest cost energy - even when compared to other sources.

This has been driven by falling solar costs (not 1/150th of its 1970s price) and is seeing the amount of installed solar capacity double seven time since 2000. Even wind has doubled four times over this timeframe.

Analyts keep getting caught out - since 2000 the International Energy Agency has raised its long-term solar forecast 14 times and its wind forecast five times. Every time global wind power doubles, there's a 19 percent drop in cost and every time solar power doubles, costs fall 24 percent.

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