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Thread: Investment in solar $161B in 2017

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    Investment in solar $161B in 2017

    Renewables led in power-generation capacity added globally.

    Solar investments eclipsed all other form of electricity generation in 2017 as China's green boom accelerated.

    Investors worldwide plowed a record $161 Billion into solar energy last year...

    China invested $127 Billion...

    Renewables made up a record 61% of net power generation capacity added worldwide in 2017.

    Here's the surprising part:

    Investment in the U.K. fell by 65%.

    Germany's slipped by more than a third.

    The United States was down 6%.

    Developing countries are leading the way with 63% of global investment.

    bloombergnews.com
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    New Member BigBob's Avatar
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    I am so happy I put solar on my house.
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    Quote Originally Posted by BigBob View Post
    I am so happy I put solar on my house.
    I want to do that.

    Just waiting for it to make economic sense.

    Getting better every year...

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    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Miller47 View Post
    Renewables led in power-generation capacity added globally.

    Solar investments eclipsed all other form of electricity generation in 2017 as China's green boom accelerated.

    Investors worldwide plowed a record $161 Billion into solar energy last year...

    China invested $127 Billion...

    Renewables made up a record 61% of net power generation capacity added worldwide in 2017.

    Here's the surprising part:

    Investment in the U.K. fell by 65%.

    Germany's slipped by more than a third.

    The United States was down 6%.

    Developing countries are leading the way with 63% of global investment.

    bloombergnews.com
    Well, Mr. Trump is trying to discourage the solar power industry here in the United States. He thinks coal is the way to go. So he is putting tariffs on solar panels, slashing funding for the National Renewable Energy Laboratory (NREL), and doing anything else he can to slow down the transition to solar energy.

    Oh, and he wants to bring back the typewriter industry, too, and get rid of all these silly, new-fangled computer thingies.
    Thanks from HayJenn and DebateDrone

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    Quote Originally Posted by BigLeRoy View Post
    Well, Mr. Trump is trying to discourage the solar power industry here in the United States. He thinks coal is the way to go. So he is putting tariffs on solar panels, slashing funding for the National Renewable Energy Laboratory (NREL), and doing anything else he can to slow down the transition to solar energy.

    Oh, and he wants to bring back the typewriter industry, too, and get rid of all these silly, new-fangled computer thingies.
    OK, that's why the U.S. went down, allegedly, supposedly, maybe.

    How bout the U. K. and Germany?

    Why did we do so much better than them?

    That was Trump's fault, too?

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    Radical Centrist BigLeRoy's Avatar
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    Quote Originally Posted by Miller47 View Post
    OK, that's why the U.S. went down, allegedly, supposedly, maybe.

    How bout the U. K. and Germany?

    Why did we do so much better than them?

    That was Trump's fault, too?
    You COULD make the argument that both Germany and the UK spent most of the PAST decade over-investing in solar, before it was really cost-competitive, in which case it would make sense for them to slow down the pace a little bit. I predict you'll find that argument silly, but stop and think about it a bit more.....
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    Veteran Member bmanmcfly's Avatar
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    Quote Originally Posted by BigLeRoy View Post
    You COULD make the argument that both Germany and the UK spent most of the PAST decade over-investing in solar, before it was really cost-competitive, in which case it would make sense for them to slow down the pace a little bit. I predict you'll find that argument silly, but stop and think about it a bit more.....
    People learned some lessons from the German cautionary tale of solar.

    It's still got a ways to go to be truly viable.

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    Quote Originally Posted by BigLeRoy View Post
    You COULD make the argument that both Germany and the UK spent most of the PAST decade over-investing in solar, before it was really cost-competitive, in which case it would make sense for them to slow down the pace a little bit. I predict you'll find that argument silly, but stop and think about it a bit more.....
    Damn!

    You got one right!

    Maybe there's no more room for growth in solar.

    No more land available.

    Every home and business is maxed out with solar panels.

    Silly?

    Yeah, that would be ONE way to describe it.

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    Quote Originally Posted by bmanmcfly View Post
    People learned some lessons from the German cautionary tale of solar.

    It's still got a ways to go to be truly viable.
    But, it's getting better and that will continue.

    When it makes economic sense for homeowners and businesses to do it, THAT will be a game changer.

    That is not yet the case, but, it's getting there...
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    Quote Originally Posted by bmanmcfly View Post
    People learned some lessons from the German cautionary tale of solar.

    It's still got a ways to go to be truly viable.
    But, it's getting better and that will continue.

    When it makes economic sense for homeowners and businesses to do it, THAT will be a game changer.

    That is not yet the case, but, it's getting there...

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