Last week, Massachusetts announced it had reached its goal of obtaining 250 megawatts of power — enough to power multiple mid-sized cities — four years early.
It's another sign that, as we've recentlydiscussed, solar is booming.
The main reason is China, which has so thoroughly flooded the global market with cheap parts that today, Europe slapped them with a new tariff.
As Bloomberg's Bruce Einhorn wrote last year, "China’s solar panel industry has become the world’s biggest thanks to a simple formula: Produce in China, sell in Europe."
But there are other signs that solar power is set to take off.
We've compiled some of them here.
In the past few years, the doubling of solar capacity has resulted in a 40% reduction in solar costs.
Mostly thanks to China.
Solar has high start-up costs, but give it enough time and it becomes the cheapest power source out there.
That's even without subsidies.
Source: GWU
Warren Buffett recently purchased the largest solar development in the world, a set of arrays in California.
This is a man not known for making bad bets.
Source: Business Insider
See the rest of the story at Business Insider
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