The World Doesn’t Have a Long-Term Energy Problem
Terra-Watts solar is coming, replacing Giga-Watts. This is the conclusion prominent scientists from the German Fraunhofer Institute (ISE) and US National Renewable Energy Laboratory (NREL) arrive at. They predict that by 2030, the global cumulative installed solar capacity will be 10-30 fold of what it is today. Solar panel producer “First Solar” predicts that as early as 2020, the price of solar panels will decrease to as little as 25 cents/Watt. That would mean that a standard 100 cm x 164 cm, 300 Watt panel costing € 300,- will cost € 75 in 2020. Solar panels as block-board.
Currently Abu Dhabi is able to produce solar electricity for a staggering low 2.4 cent/kWh.
There is no long-term global energy problem.