November 26, 2013
As the continual dialogue discusses the rise of shale and its connection to lower fuel prices solar has good news. In the energy mix design the integration of renewable energy will have a dominate place in the market. The news that “The US has 43 nuclear power plants’ worth of solar energy in the pipeline” is an power source to follow.
The review of latest news on the solar is do not count solar out. The move from smaller solar projects to large is developing. “The pipeline of photovoltaic projects has grown 7% over the past 12 months and now stands at 2,400 solar installations that would generate 43,000 megawatts (MW), according to a report released today by market research firm NPD Solarbuzz. If all these projects are built, their peak electricity output would be equivalent to that of 43 big nuclear power plants, and enough to keep the lights on in six million American homes,” reports Quartz.
“Only 8.5% of the pipeline is currently being installed, with most of it still in the planning stages. Some projects will inevitably get canceled or fail to raise financing.
The need for financing and investment strategies is what will determine the viability of smart grid optimization.
As we saw before tax breaks spurred development but upon there roll off solar projects were scrapped. Further, the U.S competitive advantage struggles with China’s ability to produce at a lower cost.
“US tax break for renewable energy projects is set to fall from 30% to 10% at the end of 2016. So there will be a rush to get projects online. In 2012, for instance, wind developers installed a record 13,131 MW as a key tax credit was set to expire, accounting for 42% of all new US electricity capacity that year. (The US Congress subsequently renewed the tax break for another year.)”
The approach is to invest in the infrastructure for a robust energy mix.