Here comes the sun: Saudi oil minister flags end of fossil fuels

May 26, 2015 2017-10-25T09:36:14 by 5 Comments
oil on solar panels

Solar is going to smash the oil industry

When the Saudi oil minister says his country will switch to solar you know the jig is up for fossil fuels. Such a defining moment occurred in Paris this week when Reuters, the Financial Times and The Guardian all reported Minister Ali Al-Naimi as admitting the days of oil exports in his country were limited.

The comments were delivered to attendees of a climate and business conference where Naimi outlined a new direction for Saudi Arabian exports.

“In Saudi Arabia, we recognise that eventually, one of these days, we are not going to need fossil fuels, I don’t know when, in 2040, 2050… so we have embarked on a program to develop solar energy,” Ali Al-Naimi told the conference.

“Hopefully, one of these days, instead of exporting fossil fuels, we will be exporting gigawatts, electric ones,” he added.

[Read more…]

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Did solar energy get a leg up in the budget?

May 20, 2015 2017-10-25T09:36:28 by 3 Comments
solar panels

Small business can get a tax break on installing solar. Thanks Mr Hockey!

The Treasurer’s annual allocating of the shekels has come and gone and renewable energy fans are asking about solar energy in the Budget. How did we fare? Were we the subject of further cutbacks, maulings and downgradings as part of this federal government’s campaign against all things renewable?

Well yes and no is the best answer. [Read more…]

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Solar will be the dominant energy source by 2050 (thanks to batteries)

March 9, 2015 2017-10-25T09:39:10 by 4 Comments
solar battery

Batteries are getting 15% cheaper every year.

More evidence emerged this week of the imminent arrival of the solar storage revolution. First was a report by the Deutsche Bank, the latest to predict that solar will become the dominant energy source by 2050, displacing other traditional energy such as fossil fuels.

“Over the next 20 years, we expect the electricity market to double to $US4 trillion and expect the solar industry to increase by a factor of 10. During this timeframe, the solar industry is expected to generate $5 trillion of cumulative revenue,” said the report.

[Read more…]

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ET Solar Panels win government support

February 4, 2015 2017-10-25T09:40:00 by Leave a Comment
commercial solar installation

Government backed CEFC has joined forces with ET Solar Panels to power large Aussie businesses.

What do ET Solar Australia and the Clean Energy Finance Corporation (CEFC) have up their sleeves to promote ET solar panels for large commercial businesses in our country?

There’s more than one way to skin a cat. And more than one model for financing solar energy. This was amply demonstrated last week with the release of the CEFC’s plan to stump up $20 million with the solar energy provider ET Solar in a new innovative partnership that has proved radically successful in overseas countries. [Read more…]

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The importance of China for our solar sector in 2015

January 6, 2015 2017-10-25T09:44:32 by 3 Comments

chinese solar panelWhen we look at the year ahead for renewable energy, and try to divine the development of the Australian solar market, one of the first conclusions is the importance of neighbouring countries. I’m talking here of the continued role China plays in solar energy in Australia.

It’s not an exaggeration to say that cheap, quality solar panels from China have driven the domestic demand for solar panels in Australia. Despite wide open spaces for solar farms and abundant sun, Australia is lagging behind the rest of the world in renewable energy. We haven’t taken our rightful position as one of the leaders in the world in developing large scale renewable energy as we should. [Read more…]

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Unsubsidised solar cheaper than fossil fuels in Chile

December 29, 2014 2017-10-25T09:44:48 by 10 Comments
chilean flag

Unsubsidised solar is cheaper than coal in Chile. Australia here we come!

One of the key questions that remains in what has been a forgettable year for Australian renewable energy policy development is: when will unsubsidised solar reach cost parity with fossil fuels? Will it be in 2015 or 2016 that this occurs? Or should we look further into the future? The question is of course crucial as reaching this point in time will sweep away any criticism from the fossil fuel argument that coal, oil is cheaper to produce than renewable energy such as solar power.

If you listen to fossil fuel lobbyists you’ll get the impressions that cost parity is decades away, however the truth is that it is already here in some parts of the world. [Read more…]

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Can the world produce enough raw materials to feed the solar panel boom?

November 24, 2014 2021-02-10T13:13:02 by 5 Comments
solar panel factory

Can the word produce solar panel materials fast enough to keep up with demand?

It’s now almost a given that solar energy is the answer for the world’s energy problems. As experts have noted, it is entirely conceivable (perhaps inevitable) that solar will be the world’s first choice for energy by mid-century. With regular improvements in PV technology driving cost and efficiency breakthroughs, the predictions of the amount of total energy solar will make up is constantly being revised upwards.

Even those countries with a somewhat less than supportive legislative framework for renewables (any guesses?) are seeing solar growth cycles. As discussed last week, in these cases its a matter of the politicians lagging well behind the people on this vital issue of our times.

[Read more…]

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Solar will be the world’s most popular power source by 2050

November 10, 2014 2018-03-19T13:43:44 by 13 Comments
big red hand pointing down

Down, down, solar panel prices are going down!

When someone of the stature of Martin Green says the cost of solar PV technology will halve again by the next decade, you sit up and take notice. Even more so when he says solar will be the world’s most popular energy source by 2050.

For the University of New South Wales’ Prof. Martin Green is considered one of the world’s leading PV researchers. His department’s technological breakthroughs in silicon cell efficiency have not only given us the solar panels we know today but also put Australian PV research at the centre of world PV technology.

“The costs of solar will halve again by 2025 is my prediction,” he told a conference in Sydney on Wednesday. “We are at 60 cents per watt manufacturing now but we will get down to 30 cents per watt some time before 2025.”

[Read more…]

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Is coal now more expensive than solar?

November 4, 2014 2017-10-25T09:46:50 by 1 Comment
pile of coal

The declining cost of solar is making Aussie coal exports look increasingly expensive.

Not-so-strange bedfellows Greg “Smiley” Hunt and Big Clive emerged hand in hand after negotiating the “Dirty Deeds Done Dirt Cheap” (sorry “Direct Action”) legislation earlier this week. Meanwhile a less publicised news article revealed the dirty truth behind the future, or otherwise, of fossil fuel exports to one of our major markets.

That truth is that it is now more expensive for India to import Aussie coal than produce their own solar power. [Read more…]

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Poor Nations Beating Rich Nations in Alternative Energy Race

October 30, 2014 2018-05-09T11:07:39 by Leave a Comment

A recent study of 55 nations, found that wealthy, developed countries have developed an 84% growth rate in using renewable energy sources from 2008 to 2013. Sounds good, right? On paper it sounds nice. Until you see that much poorer nations have experienced a 143% growth in the same time period!

Why is it that poorer nations are moving faster toward greener energy? Well, it’s economics. While the nations themselves are poor, investing in renewable energy is providing much cheaper power than their fossil fuel counterparts. Meanwhile, wealthier nations can afford to keep using fossil fuels, so there is less motivation to use more renewable sources. With that said, it shouldn’t be long before other energy sources are depleted and wealthier nations move forward as their poorer counterparts have done.

Read the full article about this study here:: Poor Nations Go for Solar, Wind at Twice the Pace of Rich Ones

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