What Is the Projected Growth of the Solar Energy Industry over the?

What is the projected growth of the solar energy industry over the next ten years?

BLEAK. The reality is solar energy has failed to matter in world markets for power for good reason. Notwithstanding massive subsidies the money is wasted on solar as the cost is uncompetitive with the electrical grid powered by fossil fuels. The proof is in the pudding when you look at world energy consumption solar PV is almost zero at 0.13%. Markets are not buying the hype of solar. Also countries adding solar to their grid have the most expensive electricity costs because t must double up with oil and gas to overcome intermittency of solar and wind. These charts tell the story of very high cost uptake for solar and wind grid electricity. ISSUE. Why are renewables making electricity much more expensive? .”
AND, as a result of the reckless and ruinous “Save The Planet” pursuit of weather-dependent, intermittent, costly, symbolic, novelty sources of non-energy – wind and solar…
“Coal grew one percent in 2017 — its first growth since 2013…” Transition to wind and solar renewables makes electricity go up. ...people will die if this renewable energy idiocy continues SOLAR FARMS GET MILLIONS MORE IN TAXPAYER HANDOUTS THAN T MAKE SELLING ELECTRICITY Date. 13/05/19 Ten of the UK’s biggest solar farms pocketed £3million or more each in eco subsidies in 2017/18, statistics from the Department for Business, Energy and Industrial Strategy (BEIS) reveal. The total cost of providing subsidies to the renewables market is estimated at around £7billion – of which about £1billion filters through to solar energy. Treasury officials ended new subsidies to solar farms in 2014 but existing farms are still guaranteed generous handouts until the end of their contracts. Solar Farms Get Millions More in Taxpayer Handouts Than T Make Selling Electricity Quora Why aren't we only using solar power? Chuck Roberts, I make long-running LED lights, at Electronicals. Answered August 10, 2017 Because the initial capital outlay for an average sized house in the US is $25,000 and up. And most people cannot afford that. It’s like buying a car. (My house is much smaller.)Because it’s not competitive with the cost of grid energy in many areas. There are just a few places where grid power is $0.30/kwh or more (California and Germany come to mind), and that’s what solar power currently competes with. In Michigan, where I live, grid power is $0.10/kwh, far less than I would pay with a solar installation. Delivering solar power from my roof to my house is costly and will always be costly for the forseeable future due to ongoing costs. You have to replace the whole battery bank at once and that can cost $3000–5000 every 8–9 years. So while grid power is $0.10/kwh, I will never recoup my money for a total solar installation. Storms wreck havoc with solar panels that have a short life and are badly damaged by hail and snow. 155,635 views| Apr 21, 2020, 02.29pm EDT New Michael Moore-Backed Documentary On YouTube Reveals Massive Ecological Impacts Of Renewables Michael ShellenbergerContributor Energy Michael Moore produced "Planet of the Humans" about the eco-impacts of renewables GETTY EDITORIAL AND JEFF GIBBS, PLANET OF THE HUMANS Over the last 10 years, everyone from celebrity influencers including Elon Musk, Arnold Schwarzenegger, and Al Gore, to major technology brands including Apple, have repeatedly claimed that renewables like solar panels and wind farms are less polluting than fossil fuels. But a new documentary, “Planet of the Humans,” being released free to the public on YouTube today, the 50th Anniversary of Earth Day, reveals that industrial wind farms, solar farms, biomass, and biofuels are wrecking natural environments. “Planet of the Humans was produced by Oscar-winning filmmaker Michael Moore. “I assumed solar panels would last forever,” Moore told Reuters. “I didn’t know what went into the making of them.” Today In. Energy The film shows both abandoned industrial wind and solar farms and new ones being built — but after cutting down forests. “It suddenly dawned on me what we were looking at was a solar dead zone,” says filmmaker Jeff Gibbs, staring at a former solar farm in California. “I learned that the solar panels don’t last.” Like many environmental documentaries, “Planet of Humans” endorses debunked Malthusian ideas that the world is running out of energy. “We have to have our ability to consume reigned in,” says a well-coiffed environmental leader. “Without some major die-off of the human population there is no turning back,” says a scientist. In truth, humankind has never been at risk of running out of energy. There has always been enough fossil fuels to power human civilization for hundreds and perhaps thousands of years, and nuclear energy is effectively infinite. But the apocalyptic rhetoric detracts little from the heart of the documentary, which exposes the complicity of climate activists including Bill McKibben, founder of 350.org. A global campaign to confront the climate crisis, Robert F. Kennedy, Jr, and Sierra Club’s Executive Director, in promoting pollution-intensive biomass energies, as well as natural gas. The film unearths a great deal of information I had never seen before. It shows Apple’s head of sustainability, former EPA head Lisa Jackson, claiming on-stage at an Apple event, “We now run Apple on 100% renewable energy,” to loud applause. But Gibbs interviews a scientist who researched corporate renewables programs who said, “I haven’t found a single entity anywhere in the world running on 100% solar and wind alone.” The film shows a forest being cut down to build an Apple solar farm. After Earth Day Founder Denis Hayes claims at a 2015 Earth Day concert that the event was being powered by solar, Gibbs goes behind the stage to find out the truth. “The concert is run by a diesel generation system,” the solar vendor said. “That right there could run a toaster,” said another vendor. The film also debunks the claim made by Elon Musk that his “Gigafactory” to make batteries is powered by renewables. In fact, it is hooked up to the electric grid. “Some solar panels are built to only last 10 years,” said a man selling materials for solar manufacturing at a corporate expo. “It’s not like you get this magic free energy. I don’t know that it’s the solution and here I am selling the materials that go in photovoltaics.” “What powers a learning community?” said MicKibben at the unveiling of a wood-burning power plant at Middlebury College in Vermont. “As of this afternoon, the easy answer to this is wood chips. It’s incredibly beautiful to look at the bunker of wood chips. Anything that burns we can throw in there! This shows that this could happen everywhere, should happen everywhere, and must happen everywhere!” The film reveals that McKibben and Sierra Club supported a Michigan ballot initiative that would have required the state get 25% of its electricity from renewables by 2025, and that the initiative was backed by biomass industrial interests, and that efforts to build a biomass plant at Michigan State University were hotly opposed by climate activists — including ones from 350.org. A global campaign to confront the climate crisis. In reality, scientists have for over a decade raised the alarm about biomass and biofuels causing rainforest destruction around the world including Brazil and Malaysia, and have documented that, when one takes into account their landscape impacts, the fuels produce significantly higher carbon emissions than oil and gas and may produce more than coal. The film shows Silicon Valley venture capitalist Vinod Khosla telling Leslie Stahl of “60 Minutes” that his biofuels plant made “Clean green gasoline.” After Stahl asked what the downside was, Khosla said, “There is no downside.” One year later, Khosla’s company filed for bankruptcy and defaulted on a $75 million loan it received from the state of Mississippi. It produced biofuels for $5 to $10 a gallon — “even without counting the cost of building the plant,” noted Washington Post’s Steve Mufson in 2014. Two earlier Khosla biofuel ventures had already gone bankrupt after receiving hundreds of millions of federal government subsidies. Shareholders sued Khosla’s company for fraud. “Planet of the Humans” notes that Al Gore personally accepted fossil fuel money in 2013 when he and a co-owner sold Current TV to Al Jazeera, which is state-funded by Qatar, the gas-exporting nation whose citizens have the largest per capita carbon footprint in the world. One year earlier, Gore had said the goal of “reducing our dependence on expensive dirty oil” was “to save the future of civilization.” The film shows Jon Stewart, the host of Comedy Central’s “The Daily Show,” asking Gore, “You couldn’t find, for your business, a more sustainable choice?” “What is not sustainable about it?” responded Gore. “Because it is backed by fossil fuel money?” said Stewart As part of the agreement, Gore reportedly received $100 million. Climate activists weren’t bothered by it. “I don’t think the community is too upset,” a politically active environmentalist told The Washington Post about Gore’s deal with Qatar. “My personal sense is he got a good deal.” Gore’s business partner, David Blood, “turns forests into profits,” notes Gibbs. The main problem with biofuels—the land required—stems from their low power density. If the United States were to replace all of its gasoline with corn ethanol, it would need an area 50 percent larger than all of the current U.S. cropland. Even the most efficient biofuels, like those made from soybeans, require 450 to 750 times more land than petroleum. The best performing biofuel, sugarcane ethanol, widely used in Brazil, requires 400 times more land to produce the same amount of energy as petroleum. Publicly, Kennedy, McKibben, and Brune promoted solar panels as an alternative to fossil fuels. “There were days where Germany was generating 80 percent of its power from solar,” said Mckibben. In reality, wind and solar provided just 34 percent of German electricity in 2019, and Germany relies upon burning natural gas, coal, and biogas from corn. “In the Green Century Fund, recommended by 350.org. A global campaign to confront the climate crisis,” reports Gibbs, “I found less than one percent solar and wind and 99% things like mining, oil and gas infrastructure, a tar sands exploiter, McDonald’s, Archer Daniels... Coca-Cola… and lots of banks, including Black Rock, the largest financer of deforestation on earth.” “The plants that we are building, the wind plants and solar plants, are gas plants,” Robert F. Kennedy Jr. told oil and gas investors. About another project, Ivanpah, he said, “It’s a turbine that we just take from a gas plant and suspend it from a big scaffolding, a tower and surround it with giant mirrors in the desert.” Building the Ivanpah solar farm resulted in the deaths of hundreds of old desert tortoises. “Deserts are not dead,” said the filmmaker. “T are in fact full of ancient life.” The film points to the massive materials requirements of renewables. Solar panels require sixteen times more materials in the form of cement, glass, concrete, and steel than do nuclear plants, and create three hundred times more waste. “You would have been better off just burning fossil fuels in the first place,” said one expert, “instead of just playing pretend. We’re basically just being fed a lie.” The man noted that Koch Industries provide many of the materials used to build solar panels and industrial solar farms. “The funny part is that when you criticize solar plants like this you are accused of working for the Koch brothers,” he laughs. “That’s the idiocy. This relies on the most toxic industrial processes we’ve ever created.” What drives people who believe t want to save the environment into destroying it? The filmmaker hints that the desire for “sustainability” is really a desire for a kind of immortality. “What differentiates people is that we know we’ll die someday,” says a sociologist. “We enveloped ourselves in belief systems and worldviews.” “People on the left and the right who think we’re going to be able to solar panel ourselves into the future,” he says, “I think that’s delusional.” The good news, the man says, is that “once you come to terms with death, anything is possible.” Follow me on Twitter. Check out my website or some of my other work here. Michael Shellenberger Michael Shellenberger is a Time Magazine “Hero of the Environment,” Green Book Award Winner, and author of Apocalypse Never. Why Environmental Alarmism Hurts Us All New Michael Moore-Backed Documentary On YouTube Reveals Massive Ecological Impacts Of Renewables The sharp drop in oil prices from the pandemic will further hurt solar companies ability to compete. Why Solar Stocks Plunged Over 10% Wednesday The selloff didn't spare the solar industry. Travis Hoium (TMFFlushDraw) Mar 12, 2020 at 7.27AM What happened Shares of solar stocks took a hard hit Wednesday, as the markets plunged and investors fled from renewable energy stocks.Vivint Solar (NYSE.VSLR) fell 14% at close, SolarEdge Technologies (NASDAQ.SEDG) ended down 9.3% after trading down 13% earlier in the day, First Solar (NASDAQ.FSLR) was down 9.4%, Sunrun (NASDAQ.RUN) dropped 10%, and SunPower (NASDAQ.SPWR) fell 9.4% after trading down 10.4% shortly before close. There's no question that the market's drop affected solar stocks disproportionately because t're higher volatility than the market overall. Solar stocks will often trade short term with their oil and gas rivals, but long term that's not what's going to drive solar stocks. IMAGE SOURCE. GETTY http.//IMAGES.So whatThe first thing to keep in mind is that solar companies aren't correlated with traditional energy stocks like oil and gas. T may compete indirectly, but solar energy is typically put on a homeowner's roof or a large utility-scale solar installation, which will both compete with the electric grid overall. But with energy stocks on the decline, sometimes the baby (solar stocks) gets thrown out with the bathwater (energy stocks). Why Solar Stocks Plunged Over 10% Wednesday | The Motley Fool Bill Gates Slams Unreliable Wind & Solar. ‘Let’s Quit Jerking Around With Renewables & Batteries’ February 18, 2019 by stopthesethings 21 Comments Bill says it’s time to stop jerking around with wind & solar. When the world’s richest entrepreneur says wind and solar will never work, it’s probably time to listen. Bill Gates made a fortune applying common sense to the untapped market of home computing. The meme has it that IBM’s CEO believed there was only a market for five computers in the entire world. Gates thought otherwise. Building a better system than any of his rivals and shrewdly working the marketplace, resulted in hundreds of millions hooked on PCs, Windows and Office. This is a man that knows a thing or two about systems and a lot about what it takes to satisfy the market. For almost a century, electricity generation and distribution were treated as a tightly integrated system. it was designed and built as one, and is meant to operate as designed. However, the chaotic delivery of wind and solar have all but trashed the electricity generation and delivery system, as we know it. Germany and South Australia are only the most obvious examples. During an interview at Stanford University late last year, Bill Gates attacks the idiots who believe that we’re all just a heartbeat away from an all wind and sun powered future. Gates on renewables. How would Tokyo survive a 3 day typhoon with unreliable energy? Jo Nova Blog Jo Nova