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Sunday, March 8th, 2015

Report: Solar Will Dominate World Energy Supply in Just 15 Years

Author:     Gwenned
Source:     Alternet (U.S.)
Publication Date:     March 6, 2015
 Link: Report: Solar Will Dominate World Energy Supply in Just 15 Years
Stephan:   Here the confirmation of the trend I have been describing. It usually takes about 20-30 years for a major social trend — the end of public smoking — to become the norm, and we are about 10 years seriously in on this one, so I think the Deutsche Bank is correct plus or minus five years. This is seriously good news.
Credit: Tim Ireland/PA

Credit: Tim Ireland/PA

Deutsche Bank has produced a 175 page report that will have the Koch bros and their bought and paid for minions as well as every oil, coal and natural gas company weeping in their Chevas Regal or Glenfiddich.

The report suggests that solar generated energy will be the dominant source of energy worldwide within the next 15 years. Not only that, but the solar industry will generate $5 trillion in revenue in that time while displacing fossil fuels. (emphasis added) Ohhh…I LOVE it!!

The analysts at Deutsche, led by Vishal Shah, state the solar market potential is massive. Even today, at only 1%(130GW) installed of the possible 6,000GW, it still produces $2 trillion annually. They also predict that in the next 15 years, the market in solar will increase 10 fold!

Great news!! To find out more, carefully step around that orange extension cord…it’s live!

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How will this happen? With the addition of more than a 100 million customers and solar’s market share jumping to 10%.

Their predictions are underpinned by […]

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