Solar Power close to Cost Parity with
other Energy Sources
They said it couldn’t be
done. They tried to tell us that renewable energy could only survive if it were
propped up with government subsidies.
Never mind that our whole system of
economic development, beginning with the patent office, is predicated on the
idea that fledgling, underfunded industries need special protection for a
limited time until they are strong enough to go it alone.
Never mind that the
fossil fuel industry, which can hardly be considered fledgling or underfunded,
is still receiving billions in taxpayer subsidies.
True, almost a third of
that is in Germany, where the government has aggressively backed its development
through the successful deployment of feed-in tariffs (FiT). Germany now has
five times as much solar power as the U.S., despite the fact that the levels of
sunshine it receives are more comparable to Alaska than Arizona, or even
Florida (which is closer to Spain).
China is growing faster
than any other country and is expected to surpass Germany and take the number
one spot this year.
Read more at ENN
Affiliate, TriplePundit.