The Growth of Solar Power is Shaking Power Companies

Solar panels have come down in price rather dramatically in the last decade and if this trend continues it can be the death of old-school electric utilities. That is, unless the energy companies embrace solar and embed it into their system. Smart companies see the writing on the wall and others will start to falter.

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So even though solar provides just 0.4 percent of America’s electricity, it’s growing at a shocking rate. Rooftop solar generation has roughly tripled since 2010. By some estimates, a new solar system is installed every four minutes in the United States.

To electric utilities, this poses a dilemma. As rooftop solar becomes more popular, people will buy less and less electricity from their local power company. But utilities still have plenty of fixed costs for things like maintaining the grid. So, in response, those utilities will eventually have to raise rates on everyone else. Trouble is, those higher electricity rates could spur even more people to install their own solar rooftop panels to save money. Cue the death spiral.

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Solar Has Won

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In Australia the amount of energy being produced by sustainable systems caused the price to fall so low it went in to the negative. This will not be the last time we see this. As more places adopt renewable energy into their power grids the old models of industry will be forced to change – meaning a better world for consumers, producers, and the environment!

Last week, for the first time in memory, the wholesale price of electricity in Queensland fell into negative territory – in the middle of the day.

For several days the price, normally around $40-$50 a megawatt hour, hovered in and around zero. Prices were deflated throughout the week, largely because of the influence of one of the newest, biggest power stations in the state – rooftop solar.

“Negative pricing” moves, as they are known, are not uncommon. But they are only supposed to happen at night, when most of the population is mostly asleep, demand is down, and operators of coal fired generators are reluctant to switch off. So they pay others to pick up their output.

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Solar Roads Could Provide Electricity

There are six days left for the Indiegog campaign for Solar Roadways and they have already met their goal! The $1,000,000 goal has been reached and passed – which is quite impressive! The idea behind the successful campaign is to turn roads from heat-producing to energy-producing. A network of roads equipped with solar panels can revolutionize energy networks.

Solar Roadways is a modular paving system of solar panels that can withstand the heaviest of trucks (250,000 pounds). These Solar Road Panels can be installed on roads, parking lots, driveways, sidewalks, bike paths, playgrounds… literally any surface under the sun. They pay for themselves primarily through the generation of electricity, which can power homes and businesses connected via driveways and parking lots. A nationwide system could produce more clean renewable energy than a country uses as a whole.

Thanks to Stu!

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Solar Power Rising in the Gulf

2013 saw great things happen on the Arabian Peninsula in relation to energy production. The region has invested heavily in installing solar power plants and reducing their own reliance on oil (so they can export more). In fact, the UAE is looking to start export in renewable energy!

For the Gulf’s solar industry, 2013 was a year of firsts: In addition to the opening of Abu Dhabi’s Shams 1 plant, Dubai’s first solar power plant became operational, and Kuwait and Oman decided to build their first as well. In Saudi Arabia, one energy analyst found the cost of generating electricity from solar there had become as cheap as generating electricity from oil-fired power plants.

Saudi’s solar goals appear to be the most gung-ho in the region: The kingdom has announced that it plans to throw down $109bn on solar energy and get one-third of its power from the sun by 2032. This target is “too ambitious”, said Hussam Khonkar of Saudi Arabia’s King Abdulaziz City for Science and Technology, but added the technology to do so is available.

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In One year, Rooftop Solar Power Doubled in California

In one year California was able to increase power output from solar panels installed on roofs from 1,000 MW to over 2,000 MW. This is impressive and hopefully this trend continues in the very sunny and warm state!

To put this in perspective, it took California over 30 years to build 1,000 MW of rooftop solar, hitting that landmark in early 2013. Today, California is closing out the year with more than 2,000 MW of rooftop solar systems installed statewide. The California Public Utilities Commission’s (CPUC) latest figures report 1,917 MW of rooftop solar, but those numbers exclude basically all of Pacific Gas and Electric’s 2013 installations, by far the largest market in the state, as well as a significant number of installations in other utility territories.

Read more at Solar Industry.

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