#US and #China help #Solar installations increase by 50% worldwide in 2016 #ActOnClimate

The last piece of the renewable energy puzzle is falling into place. The intermittency of solar and wind is being moderated with lithium-ion batteries. Check out the drop in cost below. All of the components of the batteries are recyclable.

Graph showing the decline in costs for large lithium ion batteries in US dollars per kilowatt-hour (kWh), 2006-2016. In a February 2016 report, the research and brokerage firm, Sanford C. Bernstein & Co., asserted that “LiB (lithium ion battery) costs have fallen by a staggering 94% since 1991…this has coincided with the dramatic improvement in battery capability, which is a big part of the cost reduction and further helps the case for LiB adoption across both electric vehicles and energy storage systems.”* Reference: * Sanford C. Bernstein & Co., The Battery Bible: Powering the Future (February 2016).

From The Guardian (Adam Vaughan):

The amount of solar power added worldwide soared by some 50% last year because of a sun rush in the US and China, new figures show.

New solar photovoltaic capacity installed in 2016 reached more than 76 gigawatts, a dramatic increase on the 50GW installed the year before. China and the US led the surge, with both countries almost doubling the amount of solar they added in 2015, according to data compiled by Europe’s solar power trade body.

Globally there is now 305GW of solar power capacity, up from around 50GW in 2010 and virtually nothing at the turn of the millennium.

The industry called the growth “very significant” and said the technology was a crucial way for the world to meet its climate change commitments.

James Watson, the chief executive of SolarPower Europe, said: “In order to meet the Paris [climate agreement] targets, it would be important if solar could continue its rapid growth. The global solar industry is ready to do that, and can even speed up.”

In the UK the amount of solar power installed in 2016 fell by about half on the record level added the year before. The drop came after the government drastically cut incentives for householders to fit solar panels and ended subsidies for large-scale “solar farms”.

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