Thursday, February 5, 2015

Cheap Oil ... will not kill Solar

I just read an interesting short Bloomberg article about why solar PV will survive cheap oil prices.  Of course, it is titled "Seven Reasons ... "  I hate these list-like articles ... attempts to attract online readers who are accustomed to to bite-sized content, rather than serious analysis.

And, of course, the article has the obligatory cool chart.  The same readers who want a "seven reasons" headline and a bullet point list also want charts!

But this chart I really do enjoy.  A reprinted Bernstein research comparison of cost of solar and various fossil fuels, per mmbtu equivalent.  Yes, solar is still more than Henry Hub gas.  But look at that declining cost curve!