Best of the Week
Most Popular
1. Stock Markets and the History Chart of the End of the World (With Presidential Cycles) - 28th Aug 20
2.Google, Apple, Amazon, Facebook... AI Tech Stocks Buying Levels and Valuations Q3 2020 - 31st Aug 20
3.The Inflation Mega-trend is Going Hyper! - 11th Sep 20
4.Is this the End of Capitalism? - 13th Sep 20
5.What's Driving Gold, Silver and What's Next? - 3rd Sep 20
6.QE4EVER! - 9th Sep 20
7.Gold Price Trend Forecast Analysis - Part1 - 7th Sep 20
8.The Fed May “Cause” The Next Stock Market Crash - 3rd Sep 20
9.Bitcoin Price Crash - You Will be Suprised What Happens Next - 7th Sep 20
10.NVIDIA Stock Price Soars on RTX 3000 Cornering the GPU Market for next 2 years! - 3rd Sep 20
Last 7 days
The Most Exciting Biotech Stock Of The Year? - 17th May 21
Gold Mining Stocks Fundamentals - 17th May 21
Junior Gold Miners Should be Rallying – What’s Holding Them Back? - 17th May 21
Stock Market - Should You Be In Cash Right Now? - 17th May 21
Learning the Financial Markets - 17th May 21
INVESTING IN HIGH RISK TECH STOCKS - ALL OR NOTHING - 16th May 21
Is Stock Market Selling Madness About Over? - 16th May 21
Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
Budgies Birds of Paradise Indoor Grape Vine Singing, Chirping and Flying Parakeets Fun 3D VR180 UK - 16th May 21
Wall Street Roiled by Hot Inflation Data: Is This REALLY “Transitory”? - 16th May 21
Inflation Going Stag - 16th May 21
CHIA Coins After 1st Week of Plotting 140 Plot 14tb Farm. Crunching the Numbers How to Win - 15th May 21
Tips to Create the Best Cross-Functional Teams - 15th May 21
Gold: Lose a Battle to Win the War - 14th May 21
Are You Invested in America’s “Two-Hour Boom” Fast Shipping Stocks? - 14th May 21
Gold to Benefit from Mounting US Debt Pile - 14th May 21
6 Solid Signs You Should Have Your Smart Device Repaired Right Away - 14th May 21
Ways to Finance Your Business Growth - 14th May 21
Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
How Much CHIA Coins Profit from 100 Plot 10tb Farm? Hard Drive Space Mining - 13th May 21
Stock Market Bulls Getting Caught in the Whirlwind - 13th May 21
Legoland Windsor Mini land and Sky Train Virtual Tour in VR 360 - UK London Holidays 2021 - 13th May 21
Peak Growth and Inflation - 13th May 21
Where’s The Fed? Watch Precious Metals For Signs Of Inflation Panic - 13th May 21
Coronavius Covid-19 in Italy in August 2019! - 13th May 21
India Covid Apocalypse Heralds Catastrophe for Pakistan and Bangladesh - 13th May 21
TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
Gold Price During Hyperinflation - 12th May 21
Stock Market Extending Phase Two? - 12th May 21
Crypto 101 for new traders – ETH or BTC? - 12th May 21
Stock Market Enters Early Summer Correction Trend Forecast Time Window - 11th May 21
GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
Cathy Wood Bubble Bursts as ARK Funds CRASH! Enter into a Severe Bear Market - 11th May 21
Apply This Technique to Stop Rushing into Trades - 10th May 21
Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
CHIA Getting Started SSD Crypto Mining by Plotting and Farming on Your Hard Drives Guide - 9th May 21
Yaheetech Mesh Best Cheap Computer /. Gaming Chairs on Amazon Review - 9th May 21
Breaking US Trade Embargo with Cuba - Build 7 Computers in 14 Hours Before Ship Sales Challenge - 9th May 21
Dripcoin Applies New Technology That Provides Faster Order Execution - 9th May 21
Capital Gains Tax Hike News: Was It REALLY to Blame for Sell-off? - 7th May 21
Stock Market Transportation Index Continues To Grind Higher - 7th May 21
SPX Stock Market Correction Arriving or Not? - 7th May 21
How to Invest in an Online Casino? - 7th May 21
Gold & Silver Begin New Advancing Cycle Phase - 6th May 21
Vaccine Economic Boom and Bust - 6th May 21
USDX, Gold Miners: The Lion and the Jackals - 6th May 21
What If You Turn Off Your PC During Windows Update? Stuck on Automatic Repair Nightmare! - 6th May 21
4 Insurance Policies You Should Consider Buying - 6th May 21
Fed Taper Smoke and Mirrors - 5th May 21
Global Economic Recovery 2021 and the Dark Legacies of Smoot-Hawley - 5th May 21
Utility Stocks Continue To Rally – Sending A Warning Signal Yet? - 5th May 21
ROIMAX Trading Platform Review - 5th May 21
Gas and Electricity Price Trends so far in 2021 for the United Kingdom - 5th May 21
Crypto Bubble Mania Free Money GPU Mining With NiceHash Continues... - 4th May 21
Stock Market SPX Short-term Correction - 4th May 21
Gold & Silver Wait Their Turn to Ride the Inflationary Wave - 4th May 21
Gold Can’t Wait to Fall – Even Without USDX’s Help - 4th May 21
Stock Market Investor Psychology: Here are 2 Rare Traits Now on Display - 4th May 21
Sheffield Peoples Referendum May 6th Local Elections 2021 - Vote for Committee Decision's or Dictatorship - 4th May 21
AlphaLive Brings Out Latest Trading App for Android - 4th May 21
India Covid-19 Apocalypse Heralds Catastrophe for Pakistan & Bangladesh, Covid in Italy August 2019! - 3rd May 21
Why Ryzen PBO Overclock is Better than ALL Core Under Volting - 5950x, 5900x, 5800x, 5600x Despite Benchmarks - 3rd May 21
MMT: Medieval Monetary Theory - 3rd May 21
Magical Flowering Budgies Bird of Paradise Indoor Grape Vine Flying Fun in VR 3D 180 UK - 3rd May 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Solar Power is at a Tipping Point (The Upshot is Massive Profits)

Companies / Solar Energy Jan 21, 2015 - 11:04 AM GMT

By: Money_Morning

Companies

Dr. Kent Moors writes: I have spent years tracking dozens of promising renewable energy companies.

And while the potential of these groundbreaking companies has always been tempting, there have always been limitations holding them back.

New projects require intensive amounts of working capital to make them fully compatible with traditional methods of generating power, and there’s the widely held assumption that renewables can’t survive absent government subsidies and benefits.


All of these, of course, have simply added to the costs that end-users have to pay.

And in the case of solar and wind, there has always been the problem of generating electricity when there’s no wind or sunshine to tap.

What’s more, projects in this sector have always needed a sufficient amount of private investment to get off the ground.

Yet, as it turns out, each of these drawbacks is less of a deal-breaker than originally thought.

You see, despite the odds, alternative energy – led by solar power – is rapidly approaching what the industry has always considered to be the “Holy Grail.”

The upshot for investors is massive profits…

A Brand New Age for Renewable Energy

It all revolves around renewables’ rapid move toward “grid parity.”

Grid parity reflects renewables’ ability to generate power for the same underlying cost as competing sources like oil, natural gas, or coal.

In other words, it’s the point at which the cost of generating renewable energy suddenly becomes equal to its peers.

And the little known fact is that even with the phasing out of government subsidies and the relaxing of power purchasing requirements by utilities, grid parity already exists in many areas.

By other yardsticks of broader economic impact, what I am seeing as this develops is quite significant.

Take the rising position of solar power for example.

In an interesting piece this morning at Smithsonian.com, Marissa Fessenden gives us an interesting perspective on the subject.

As Marissa notes, the solar industry is growing fast, which puts it in that awkward position where it can lay claim to some very big numbers but also very small ones. As Mother Jones has reported, the amount of solar power produced in the U.S. in the past decade has “leaped 139,000%.” That’s despite the fact that in 2013, according to the U.S. Energy Information Administration (EIA), solar power only made up 0.2% of the energy generated in the country.

Coal, on the other hand, accounted for 39%.

Brad Plumer, from Vox, has reported on another big number: The non-profit Solar Foundation says there are now 174,000 people working in the solar industry. According to Brad, the solar industry has created so many jobs, from solar panel manufacture to installation, that it now employs just about as many people as the coal industry does.

Plumer’s comparison pits Solar Foundation‘s numbers against the 80,000 who work in coal mining, plus the number of people involved in coal transportation and coal power plants. Those later numbers, he notes, are based on 2006 estimates, so solar power may employ even more, as many older coal plants have closed since then.

On the face of it, this may seem like a win for solar power supporters. But Plumer also considers some of the downside.

His comparison also highlights how labor-intensive solar power is compared to other sources. He writes, “If the world wants to avoid drastic global warming, we’ll need to replace dirtier sources of energy, like coal, with cleaner sources – solar, wind, nuclear, say – and fast. And the higher cost of solar is a real impediment to doing so.”

However, the coal industry has a lot of indirect costs – health and environmental impacts – not typically folded into such comparisons. “These costs don’t show up on electricity bills. Instead, they’re dumped on the broader public, in the former of shorter lives or higher hospital bills,” he writes.

The Money is Starting to Flood In

That jobs number may be fuel for political debates, too. The Solar Foundation reports that the tiny solar industry has provided 1.3 percent of all the new jobs created in the U.S. since the 2013 census.

That’s a small number – but it could indicate that the solar industry’s clout is growing just as fast as its share of energy production.

All of this means that there are impediments as well as opportunities in touting solar power as a remedy for the environmental shortcomings of older sources like coal.

Nonetheless, cost parity combined with the rising benefit on the employment and secondary economic impact fronts means renewable energies like solar now have something else going for them.

This much is clear: Renewable prospects are intensifying fast. And that means something else.

In future issues, I’ll be discussing the investments in this portion of the sector as the money begins to flood in.

Source : http://oilandenergyinvestor.com/2015/01/solar-power-tipping-point-upshot-massive-profits/

Money Morning/The Money Map Report

©2014 Monument Street Publishing. All Rights Reserved. Protected by copyright laws of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including on the world wide web), of content from this website, in whole or in part, is strictly prohibited without the express written permission of Monument Street Publishing. 105 West Monument Street, Baltimore MD 21201, Email: customerservice@moneymorning.com

Disclaimer: Nothing published by Money Morning should be considered personalized investment advice. Although our employees may answer your general customer service questions, they are not licensed under securities laws to address your particular investment situation. No communication by our employees to you should be deemed as personalized investent advice. We expressly forbid our writers from having a financial interest in any security recommended to our readers. All of our employees and agents must wait 24 hours after on-line publication, or after the mailing of printed-only publication prior to following an initial recommendation. Any investments recommended by Money Morning should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.

Money Morning Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in