A stock trader looked for causes of solar stock price rises and considered the effects of solar PV price drops, and realized solar power is going to beat every other energy source so fast that it “will make your jaw drop with astonishment.”
Michael Sankowski wrote for Business Insider 3 May 2013, Solar Is Going To Change The World Much Faster Than Anyone Expects,
6% year is a fantastic rate of decreases, but 20% is simply astonishing. 20% is an impressive number, but putting it into context will make your jaw drop with astonishment.
My calculations show that if solar maintains 5 more years at current 23% rates per year price drops, solar power will be cheaper than using existing coal plants. That’s right — it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy.
First he discovers the effects of no fuel for solar in Continue reading