Wyly Wade

Energy Solar as Fastest Growing U.S. Power Source Rivals Shale Boom.

“Solar is the new shale,” Michael Blaha, principal analyst of North American power at Wood Mackenzie Ltd. in Houston, said April 8. “Shale has lowered cost and enabled lower natural gas prices. Solar will lower costs for electricity.”
Solar capacity surged 30 percent in 2014 to more than 20 gigawatts and will more than double by the end of 2016, according to the Washington-based Solar Energy Industries Association. That’s enough to power 7.6 million U.S. homes, up from 360,000 in 2009. The biggest gains will be in California, Arizona, Texas, Georgia, New York and New Jersey.
In Germany, Europe’s biggest power market, solar power output gained 14 percent last year.


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