Solar PV Technology have made a huge advance in the last 2-3 years leading to a demand explosion with more than 100% growth forecast this year.Crystalline PV Technology as well as Thin Film Technology like CIGs and CdTe have reduced their costs drastically.While Solar PV still requires generous government subsidies for their growth,grid parity has come very close.Solar PV Technology has become economically competitive in parts of Italy where a\u00a0 unique combination of high electricity rates and sunshine have made Solar PV Technology very attractive.Costs are being reduced at more than 10% per year which would make Solar PV competitive in 2-3 years in most parts of the world.However mainstream and reputed forecasters and companies like Boston Consulting Group remain blind and ignorant to this.BCG in a recent report has said that biofuels and Concentrated Solar Thermal (CSP) Technology will become competitive.I have issues with both of these technologies.<\/p>\n
BioFuels and CSP Technologies have huge problems <\/strong><\/p>\n While Biofuels made from Crops like Corn cause huge problems from food security<\/a> and inflation,CSP has big issues\u00a0 on its own.Algae based Biofuel Technologies are\u00a0 immature<\/a> and would take another decade to provide a meaningful difference.Concentrated Solar Thermal Technology to be fair has its share of prominent backers in the form of the Desertec Foundation<\/a>.California too has given huge subsidies to the massive solar thermal projects which again like the Desterec project is a colossal waste.Solar PV Technology on the other hand is not mentioned at least in the Reuters article making me question the value of this report.Solar PV is now competitive with Solar Thermal Technology and should attain costs of 10c\/watt in 2-3 years compared to the 2020 which BCG thinks will happen for CSP.I am not alone in questioning the viability of CSP Technology given the rapid advance of Solar PV Technology.Best of Breed Chinese companies can manufacture Solar Panels at 80c\/watt which makes Solar PV competitive in most parts of the world.While Energy Storage remains a\u00a0 problem,note Germany and Spain already have 10-20% penetration of Solar PV without and grid problems.So USA could easily install 100 GW of Solar without any major issues.Comparable capex costs for Solar Thermal are also double that of Solar PV these days.However mainstream media and reputed consultants remain totally blind to this fact.With these reports being used in policy making,no wonder we see totally crazy energy policies everywhere.With the massive fossil fuel lobby already making climate change seem evil<\/a>,what you don’t need is consultants giving out misguided reports as well.<\/p>\n Solar energy and biofuels are on track to become economically competitive against conventional power sources within a few years to a decade, the Boston Consulting Group said on Wednesday.<\/p>\n Wind power and electric cars face hurdles to massive adoption, though, analysts at the consulting firm said in a report.<\/p>\n Alternative energy has appeared to be on the cusp of adoption for decades in one form or another — Jimmy Carter put solar panels on the White House roof while U.S. president in the 1970s — and report authors joked that alternative energy was always “a decade away”.<\/p>\n But it is likely to be part of the mainstream mix sooner than many expected, they argued. “There may be a silent revolution under way,” Balu Balagopal, a senior partner, said in an interview ahead of the report’s release.<\/p>\n Concentrated solar, which uses the sun’s heat to run a boiler to produce power, had a particularly strong outlook because plants can be built to hold heat for hours, allowing them to overcome problems from cloudy days — or even nightfall, the report said.<\/p>\n Biofuels made from non-food sources such as switchgrass could be competitive with $3\/gallon gasoline by 2012 to 2015, as costs of enzymes and feedstock fuels fall and the benefits of large-scale production kick in.<\/p>\n The projections were based on a combination of forecasts for materials, extrapolation of previous technological progress, and analysis of potential barriers toward rolling out new technologies on a large scale.<\/p>\n Thus while the cost of photovoltaic solar panels is expected to fall precipitously, without some form of energy storage they and land-based wind farms face challenges compared with other technologies, the group said.<\/p>\n More time also will be needed for costly offshore wind power as well as carbon capture and sequestration, the process of separating greenhouse gases from power plant exhaust and keeping them safe and separate, they predicted.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":" Solar PV Technology have made a huge advance in the last 2-3 years leading to a demand explosion with more than 100% growth forecast this year.Crystalline PV Technology as well as Thin Film Technology like CIGs and CdTe have reduced their costs drastically.While Solar PV still requires generous government subsidies for their growth,grid parity has come very close.Solar PV Technology has become economically competitive in parts of Italy where a unique combination of high electricity rates and sunshine have made Solar PV Technology very attractive.Costs are being reduced at more than 10% per year which would make Solar PV competitive in 2-3 years in most parts of the world.However mainstream and reputed forecasters and companies like Boston Consulting Group remain blind and ignorant to this.BCG in a recent report has said that biofuels and Concentrated Solar Thermal (CSP) Technology will become competitive.I have issues with both of these technologies.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","content-type":"","footnotes":""},"categories":[74,24,83,25,53,65],"tags":[945,1102,1186,1720,1765,2013,2173,2243,4983,5291,5532],"class_list":["post-2443","post","type-post","status-publish","format-standard","hentry","category-biofuels","category-climate-change","category-csp","category-fossil-fuels","category-pv","category-transport","tag-cdte","tag-cigs","tag-competition","tag-energy","tag-environment","tag-food-prices","tag-global-warming","tag-government","tag-pv","tag-subsidy","tag-thin-film"],"_links":{"self":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2443","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/comments?post=2443"}],"version-history":[{"count":0,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/posts\/2443\/revisions"}],"wp:attachment":[{"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/media?parent=2443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/categories?post=2443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/iiec-india.org\/greenworld\/wp-json\/wp\/v2\/tags?post=2443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Concentrated solar, biofuels competitive soon: BCG – Reuters<\/a><\/h4>\n