The cost of solar power plus battery storage is about to dip below the average electricity bill in Germany.
That’s the word from a new analysis by the global investment bank HSBC, which projects that the dropping price of home solar arrays combined with home battery storage is about to massively disrupt traditional fossil fuel electricity generation. According to a report by RenewEconomy, which got a look at the analysis, HSBC took a look at the situation in Germany, and concluded that power generation units with a capacity of 10 megawatts or less will make up 50 percent of the country’s power by 2025 — up from 30 percent now. “The process of re-localisation of power production appears unstoppable,” HSBC says in its paper. [Read more]
– http://wp.me/p4sUqu-J9 – Michael’s Blog