29 Oct '15, 11am

Why solar is booming in Latin America #greenenergy #Latam

Why solar is booming in Latin America #greenenergy #Latam

Of course, Latin America is not the only region where solar competes directly with liquid fossil fuels like diesel. In the Middle East, too, the National Bank of Abu Dhabi just concluded that oil can't compete with solar on price , even at $10 a barrel. The economics of traditional generation sources in these regions, combined with the rapid cost reductions of solar, mean the competitive landscape looks very different than it does here in the U.S. Let's not forget, too, that solar can be deployed in months, not years — meaning it is easy to ramp up a country's generating capacity much quicker than if you were relying on centralized, gigantic, fossil-fueled power plants. Large off-grid populations In countries like Colombia, a large proportion of the population still lives in remote rural areas with no, or insufficient, access to reliable electricity from the grid, yet as t...

Full article: http://www.mnn.com/earth-matters/energy/stories/why-solar...

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