IEA say solar may produce most of world’s power by 2060. STA say UK risks missing out.

Commenting on a recent statement from the IEA’s renewable energy division that photovoltaic and solar-thermal plants may meet most of the world’s demand for electricity by 2060, Howard Johns, Chairman of the Solar Trade Association said:

“The news that the International Energy Agency anticipate solar – both PV and thermal – can become the world’s major source of energy is welcomed by the STA.

“This news follows many reports this year predicting solar is set to achieve a major cost breakthrough with sustained investment today, including in the UK where Ernst and Young predict solar could reach grid parity by 2017.

“The STA urge the UK government to take notice of mounting evidence about the potential of solar, and to urgently reconsider their faulty assumptions that solar is a technology that is too expensive to deploy in the UK. The UK cannot afford to ignore this technology. We must invest today to secure major manufacturing opportunities and a bigger share in what will be a massive global market in the future.”

Solar is easy to deploy across a range of sectors and markets. In the UK alone, solar technology has the potential to readily generate as much as 30% of the UK’s electricity needs, and create hundreds of thousands of new jobs.

The IEA will published their report later this year. The STA is expecting the government to publish the RO Banding Review consultation shortly. This will set out whether the UK government intends to support non-domestic solar.

The STA response follows news from Bloomberg “solar may produce most of world’s power by 2060 say IEA”

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