By 2050 solar power could be one of the world’s cheapest energy sources

German experts say solar energy has a very promising future. Although solar power still makes up only a small share of net electricity production around the globe, if Berlin-based think tank Agora Energiewende is right, this source of renewable energy will play a much more important role in the future and could become a cheaper energy source than coal or gas. Cost has been the primary obstacle standing in the way of the widespread adoption of solar energy. Photovoltaic systems are not cheap and this is one of the major…

Read More

Solar energy has a bright future, according to new analysis

Deutsche Bank has high hopes for solar energy Solar energy has made strong progress throughout the world over the past several years. In the past, this form of clean power had attracted a great deal of attention due to its novelty. Now, however, solar energy has become quite commonplace in many countries. While the novelty of solar energy may have worn away, the progress it is making has not slowed down. A new analysis from Deutsche Bank shows that the solar energy sector continues to see strong growth, especially when…

Read More