{"id":7671,"date":"2013-05-03T05:14:49","date_gmt":"2013-05-03T09:14:49","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=7671"},"modified":"2013-05-03T05:14:49","modified_gmt":"2013-05-03T09:14:49","slug":"solar-is-going-to-change-the-world-much-faster-than-anyone-expects-business-insider-australia","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/03\/solar-is-going-to-change-the-world-much-faster-than-anyone-expects-business-insider-australia\/","title":{"rendered":"Solar Is Going To Change The World Much Faster Than Anyone Expects | Business Insider Australia"},"content":{"rendered":"<p>Michael Sankowski writes:<\/p>\n<blockquote>\n<p>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\u2019s right \u2013 it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy.<\/p>\n<p>But it seems true looking at the data.<\/p>\n<\/blockquote>\n<p>It is often inaccurate to extrapolate price decreases over a long period, but I hope that he is right.<\/p>\n<p>Read more at <a href='http:\/\/au.businessinsider.com\/solar-is-about-to-get-cheaper-than-coal-2013-5'>Solar Is Going To Change The World Much Faster Than Anyone Expects | Business Insider Australia<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Michael Sankowski writes: 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\u2019s right \u2013 it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy. But it &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2013\/05\/03\/solar-is-going-to-change-the-world-much-faster-than-anyone-expects-business-insider-australia\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Solar Is Going To Change The World Much Faster Than Anyone Expects | Business Insider Australia&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[14],"tags":[723,3175],"class_list":["post-7671","post","type-post","status-publish","format-standard","hentry","category-interests","tag-coal","tag-solar-energy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Solar Is Going To Change The World Much Faster Than Anyone Expects | Business Insider Australia - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Solar Is Going To Change The World Much Faster Than Anyone Expects | Business Insider Australia - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Michael Sankowski writes: 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\u2019s right \u2013 it will be cheaper to build new solar plants than to use existing coal plants. It sounds absolutely crazy. 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Onshore wind costs about $102\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10561,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/06\/solar-and-wind-power-more-expensive-than-thought\/","url_meta":{"origin":7671,"position":1},"title":"Solar And Wind Power More Expensive Than Thought","author":"ColinTwiggs","date":"August 6, 2014","format":false,"excerpt":"A new paper from Charles Frank an economist at the Brookings Institution, a Washington think tank, argues that wind and solar power are not economically viable: The paper examined four kinds of carbon-free energy \u2013 solar, wind, hydroelectric and nuclear \u2013 as well as low-carbon gas generation, and compared them\u2026","rel":"","context":"In &quot;Interests&quot;","block_context":{"text":"Interests","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/interests\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15111,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/07\/record-amount-of-renewable-energy-capacity-added-in-2016-dw-com\/","url_meta":{"origin":7671,"position":2},"title":"Record amount of renewable energy capacity added in 2016 | DW.COM","author":"ColinTwiggs","date":"April 7, 2017","format":false,"excerpt":"Global renewable energy capacity jumped eight percent last year despite a 23 percent drop in investment. Falling renewable energy prices are driving a build-up of capacity. The world added a record amount of renewable energy in 2016 despite a sharp drop in investment, the UN said Thursday, largely due to\u2026","rel":"","context":"In &quot;Economy&quot;","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":31010,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/02\/16\/energy-the-coming-crisis\/","url_meta":{"origin":7671,"position":3},"title":"Energy: The coming crisis","author":"Colin Twiggs","date":"February 16, 2022","format":false,"excerpt":"The real currency of our global economy is energy -- not the US Dollar or Gold. We often attribute achievements of the past century to man's ingenuity but how far would we have got without energy? The chart below shows the growth in global energy consumption over two centuries. Imagine\u2026","rel":"","context":"In &quot;Critical Materials&quot;","block_context":{"text":"Critical Materials","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/critical-materials\/"},"img":{"alt_text":"Global Energy Use","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/global-energy-substitution.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/global-energy-substitution.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/global-energy-substitution.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":5455,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/09\/13\/wsj-chinas-solyndra-economy-business-insider\/","url_meta":{"origin":7671,"position":4},"title":"WSJ: China\u2019s Solyndra Economy &#8211; Business Insider","author":"Colin Twiggs","date":"September 13, 2012","format":false,"excerpt":"By PATRICK CHOVANEC On Aug. 3, the owner of Chengxing Solar Company leapt from the sixth floor of his office building in Jinhua, China. 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