New Solar Projects Cheaper Than Coal 2021

Renewable energy production increased in recent years. A drive from eco-consumers and government policies promotes efficiency advancements and price deductions. System alterations developed the cheapest solar electricity to date, reaching below the price of coal.   

President Biden improved sustainability standards and policies, helping America adopt clean fueling sources. His Build Back Better policy provides trillions of funding dollars to the renewable energy sector, promoting expansion.

Additionally, he signed the Paris Agreement, increasing our climate change prevention efforts. We can meet Biden’s goals by transitioning away from expensive, “dirty” fuel sources towards solar energy.

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The International Energy Agency (IEA) Report

Last year’s IEA report established solar as the cheaper fueling option compared to coal. They predict renewable energy will attain an 80% growth rate by 2030, meeting global demands. Though hydropower conquers renewable electricity generation, solar power fuels the industry’s growth.

Additionally, we may experience further decreases in solar energy costs as technology advances. Higher efficiency rates and sophisticated storage devices increase national access to clean power. The advancements allow us to shift our reliance away from greenhouse gas-emitting power towards renewable energy sources.

Technological Advancements

In 2016, 30% of the U.S. energy supply derived from coal and 7% from solar and wind. As environmental scientists and engineers continue improving system efficiency levels and grid integration, our renewable reliance may improve. Current technological advancements drove price deductions, increasing national accessibility to clean power.

Solar’s most significant challenges stem from electricity output limitations and ecosystem interference. Generating enough renewable energy for a region requires the development of various solar farms. Clearing land and covering it with panels poses adverse effects to the local ecology.

We can decrease the number of necessary solar farms and support localized ecosystems by increasing panel efficiency and developing alternative generation methods. Photovoltaic solar panels are most common in roof installations and on farms. The devices only attain a 15% to 20% efficiency rate.

Researchers developed the perovskite solar cell panel, improving production and output. The new system has a 30% efficiency rate, offering more electricity using fewer materials. Increasing our access to solar energy decreases its price, improving its cost-competitiveness against coal.

You may additionally optimize your solar energy production through placement and design. Some installation companies customize a system’s layout, complimenting the topography of your land. Adequate planning and designing may also support the local ecology, shading low-light vegetation and leaving natural habitats undisturbed.

New floating panels support aquatic ecosystems, reducing adverse impacts. Engineers in Japan generated 246 megawatt-producing floating plants on various lakes. They support the marine biodiversity below, limiting sun exposure and reducing evaporation.

Rather than clear-cutting land and disrupting habitats, floating panel systems utilize natural open spaces for energy production. It helps regions increase their renewable electricity production, decreasing solar prices. Additionally, the systems limit algal blooms, improving oxygen rates for marine species.

Solar Power Growth and Implications

As solar energy prices decrease, we may expand production, shrinking the global carbon footprint. Increased access to high-efficiency panels helps America develop a renewable energy-driven electric grid. With national advancements, we can meet Biden’s Build Back Better goals, reaching carbon neutrality.

Some regions developed solar energy production and storage plants, supporting residential power demands. The storage sector is expanding, offering sustainable solutions to high greenhouse gas emissions. In California, the Moss Landing Energy Storage Facility holds 300 megawatts of renewable electricity in large-scale lithium-ion batteries.

We can utilize California’s model, developing additional storage facilities. With optimal renewable energy plants, we can support a clean power grid and meet national electricity needs.

We may additionally use technological advancements and price reductions, developing a greener transportation system. Installing more solar charging stations around the nation will promote electric vehicle purchases. The cheaper fueling option will help decrease carbon pollution from the largest emission sector in the country.

The Future of Energy

Since Elon Musk developed Tesla, other companies explore sustainability adoption techniques. As renewable energy prices continuously drop, we can expect a national transition towards compatible technology. Smart devices and other energy-efficient gadgets help us conserve solar power while maintaining modern lifestyles. 

Author bio:
Jane works as an environmental and energy writer. She is also the founder and editor-in-chief of Environment.co.

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