New Record Low Solar Price in Abu Dhabi – Costs Plunging Faster Than Expected

Post by _ph_ » Thu, Sep 22, 2016, 7:53 AM UTC

DrStalker wrote: post #7

Annatar wrote: post #3

This whole machination thing will collapse as soon as the solar panel prices, along with the inverter and battery costs drop low enough to be part of every house. Once everyone generates and stores their own electricity, the residential market will go away. This might be another 20 to 30 years off, but it is inevitable. And once factories start building Stirling engines and solar facilities into their designs, the in…

Only for people that own their house; renters won't be able to take advantage of this because it's a lot of capital outlay that the home owner gets no benefit from. Same for anyone in an apartment. So the residential market for purchased electricity will never go away, but a significant reduction would still be a huge win.

Post by ghshephard » Thu, Sep 22, 2016, 8:03 AM UTC

CptJamesCook wrote: post #10

blazespin wrote: post #2

This will create massive pressure on the price of oil. Why would anyone in their right mind not try to sell it off as fast as possible as it won't be worth much in a few years.

Solar doesn't really compete with oil. It competes with coal, natural gas, and nuclear power to power homes.

Post by ptaipale » Thu, Sep 22, 2016, 8:08 AM UTC

pavanred wrote: post #25

May be a noob question, but if we can lay down cables for internet across the ocean floor connecting the entire world, why not lay down cables to connect all electricity grids. Half the earth always faces the sun. We shouldn't need batteries at all then, right? And we always have the traditional power stations (renewable and non-renewable) to augment the load. (At least in theory?)

Post by qoobaa » Thu, Sep 22, 2016, 8:41 AM UTC

pavanred wrote: post #25

May be a noob question, but if we can lay down cables for internet across the ocean floor connecting the entire world, why not lay down cables to connect all electricity grids. Half the earth always faces the sun. We shouldn't need batteries at all then, right? And we always have the traditional power stations (renewable and non-renewable) to augment the load. (At least in theory?)

Post by raverbashing » Thu, Sep 22, 2016, 8:45 AM UTC

pavanred wrote: post #25

May be a noob question, but if we can lay down cables for internet across the ocean floor connecting the entire world, why not lay down cables to connect all electricity grids. Half the earth always faces the sun. We shouldn't need batteries at all then, right? And we always have the traditional power stations (renewable and non-renewable) to augment the load. (At least in theory?)