I was just reading a blog post about the world solar energy market over at Go Green Solar. Good short post about which countries have the most solar PV and why. Here’s the summary image of the article:
Keep in mind that this doesn’t include Solar Thermal, which would change the US and Spanish shares of this chart somewhat. The fact remains that right now, economics rule solar. Expensive electricity + Incentives = Booming Solar Industry.
But there’s nothing set in stone about this model. Electricity prices are going up, the cost of solar is coming down, and the old energy sources are becoming more volatile. So the current electrical generation model, and the “energy crisis” that politicians love to talk about is very real in the sense that changes are coming, and big ones. The current subsidies all flow to oil and coal right now, with nuclear and hydro-electric dams getting a meaningful chunk of cash too.
What makes solar and other renewables is that they have the power to break the current model, and soon enough, can break it with or without the subsidies that it’s so clearly dependent on. That’s what makes our current project at Morgan Solar so exciting – we want to be one of the first companies (but by no means the only one) that crosses that subsidy barrier.
We want to be making solar power systems that cost less than the electricity they produce, and we think we can do it in the next year or two. Breaking the model entirely, and shaking up the system. How cool is that?
Also, for those people in Toronto, Tuesday is the first of the OCETA Breakfast Sessions. I’m going, and I have hopes for these, I know the people that set them up, and I’m expecting the quality to be excellent.