What's the future of the price of solar power?

What is going on with Middle Eastern solar prices, and what does it mean for the rest of us?

So basically

For the third time in 10 years, solar energy prices are tumbling in the Middle East. As demand for solar installations picks up dramatically, so falls the cost of solar energy.

Ten years ago, solar was the most expensive option for building a new power plant; it’s now the cheapest.

As with most technologies, the more people invested in solar power, the cheaper it became. The more solar panels that were produced, the more the technologies improved and economies of scale came into play. Plus, sunshine is free and in the Middle East, practically guaranteed every day. The costs of tapping into this solar power was bound to decline sharply as technology improved and the industry grew.

As prices continue to decrease and inevitably spread around the world, it’s likely traditional fossil fuel power plants will be retired as quickly as possible and replaced with solar power, if only to save money.

There’s hope for the planet yet as the sun rises on feasible decarbonization.

Interested? Read more here.