Antinuclear

The solar boom will not be limited to Australia

Australia’s solar boom has only just begun  Echo Net Daily Giles Parkinson, RenewEconomy 6 July 14“……….the solar boom will not be limited to Australia. BNEF expects solar to form a significant part of the power generation build in the major economies of Asia, to the exclusion of coal-fired generation in particular – a bad sign for Australia’s aspiring coal exporters.

BNEF says the expected capacity build for the Asia-Pacific region will require an investment of a cumulative $3.61 trillion by 2026.

Of this, nearly $1 trillion will be in the form of solar, $0.62 trillion for hydro and $0.55 trillion for wind.

And this graph below [see original article] illustrates what it means in terms of capacity additions.  Coal declines rapidly, nuclear has the bumpiest ride, and eventually falls as India will allocate no more financing to the technology from 2023 due to policy uncertainty and fuel restrictions.

China will invest $38 billion a year on solar (utility and small-scale) and $28 billion a year on onshore and offshore wind, Japan will throw $11 billion a year on solar (mostly small-scale), India $10 billion (mostly utility-scale, off-grid or micro-grid), while Indonesia and the Philippines will each invest $3 billion a year in geothermal.http://www.echo.net.au/2014/07/australias-solar-boom-just-begun/

July 7, 2014 - Posted by Christina Macpherson | Uncategorized