Menu
House
House Tablet

Find The Best Solar Deals In Australia

  • 3 Free, No Obligation, Solar Quotes
  • From Fully Qualified Installers
  • With 1000’s of Customer Reviews
  • Competing for Your Business
Person Desktop

Check Your Postcode for local solar power quotes

Solar power to be more affordable than fossil fuels?

6th Mar 2012

Solar power has the potential to become more affordable than fossil fuels in the future, an expert has indicated.

Stephen Chu, US energy secretary, explained that this goal is becoming a growing reality, especially as other renewable energy sources are already showing high performance levels.

For example, onshore wind is proving cheaper than coal-fired energy - although gas still remains more affordable than both these options.

Writing for RenewEconomy, Giles Parkinson explained that the cost of gas currently stands at 5.5c/KWh, compared to between 15 and 24c/KWh for solar power.

However, the intention is to lower solar to 6.5c/KWh by the end of the decade, showing there is potential for this renewable source of energy.

Experts from the International Energy Agency predict India, the US and China will account for half of all energy demand in 2035 - and that each of these economies anticipates a fall in the price of solar power.

India, however, may take longer to implement the technology due to its poor infrastructure and other problems encountered along the way.

Mr Chu told the ARPA-E conference: "New materials and manufacturing methods can change the landscape of energy solutions.

"We have the possibility to create a second industrial revolution that will give us clean energy and a path to a sustainable world."

Some countries already demonstrate a strong reliance on solar panels, such as Germany, where approximately 37 per cent of the world's plants are located.

The country was recently called upon by France when a surge in energy demand was experienced during Europe's cold snap, meaning the grid was unable to keep up, Reuters revealed.

Jean Bergougnoux, a former chief executive of EDF energy, highlighted that countries such as France tend to rely heavily on electrical equipment, making it difficult for electricity suppliers when demand soars.

He explained: "One million mobile electric heaters are sold in France every year, give or take, especially in large spaces.

"Many of them are used during cold periods, in poorly heated locations and/or poorly insulated ones."

Germany therefore stepped in to help with electricity generation at this difficult time, showing just how valuable solar power can be in developed nations.

US energy secretary Stephen Chu noted that in the Middle East, it has already been recognised that solar is more affordable than the oil-fired plants it uses at present.

Posted by Mike Peacock

Solar Power News Categories

Government Rebate & Regulations
Solar Power & Technology


More Solar Power & Technology

Australia to be a part of huge Asian renewable energy growth
SunPower steps up to make solar more affordable
Canberra makes strides toward carbon neutrality
GTM puts solar's massive growth in perspective
Examining Australia's falling solar PV rooftop prices
Australia's shift toward renewable energy picks up the pace
Australia shines at solar decathlon
University of Queensland tapped as lead researcher on massive solar project
100 per cent renewable energy is possible in 10 years, environmental group says
Climate Commission releases report on solar progress
Aussie government actually shows spine for solar power
Be gone, skeptics: One million solar installations and counting
Australia embarks on its greatest solar journey ever
Australia looks to solar thermal for commercial success
Solar power helps King Island reach 100% sustainability
Australians 'heavy supporters of solar power'
Mildura solar plant officially unveiled
Solar power trumps other renewables in Australian minds
Sunshine Coast solar farm "fantastic initiative"
Sunshine Coast cashes in on namesake with solar plans
Energy storage 'could maximise solar power utility'
Solar powered family car - a world first?
Code of conduct for solar installers in the works
'Stop punishing households' for solar PV
Australian solar companies 'adjusting well'
Australian mining 'next solar frontier'
"Rooftop revolution" underway across Australia
Global PV market emerging from sluggish period
Royalla solar farm receives final approval
Leadership challenge a "debacle" for Australian solar power
Solar power giving global renewables a helping hand
Australia's largest CPV solar power plant up and running
Renewable energy misinformation "staggering"
CEC: Don't underestimate consumer desire for solar
Setting energy efficient examples on TV
Solar PV brightening up household bills
World's largest solar powered boat on the move
Climate change is heating up
The global solar power shift
New solar tech win for NSW
Industry orgs praise City of Sydney solar efforts
Clean Energy Council supports Regional Renewables scheme
Asian nations emerging as PV leaders
Solar PV demand continues to grow
Regional areas of Australia to receive more renewables
Australia's significant renewable energy growth
Solar panel reprieve for Queensland
New funding for solar research
Find love with sustainable speed dating
New Victorian solar power deal