The 21st Century Will be The Solar Powered Century
As the world goes through massive technological changes and innovations in its power supply systems, it is becoming increasingly clear that electricity from solar power will be the dominant force in the shift to renewable energy technologies. Coal, nuclear, and recently also natural gas are coming under increasing pressure from solar power due to a combination of incessantly decreasing costs for solar power, the fact that even very large solar power plants can be bult at a rapid pace, the high usefulness of solar power in decentralized energy systems and off-grid applications, and the decreasing cost of batteries for energy storage.
Long gone are the days when solar power was growing mainly due to progressive environmental policies in wealthy countries like Germany, Spain, and Italy. The main factor for solar becoming so popular a source for power production is now bare-bones market economy accounting: it often costs less than any other source, thus making it the go-to source for many power companies when they need to add new power to the grid. In many cases, solar power from pv(photovoltaic) systems has now reached or even surpassed cost parity with the cheapest of traditional power production sources. Although the cost reduction curve has slowed somewhat, it is expected to continue on its downwards curve, thanks to ever-increasing economies of scale and…
