With oil prices on the decline, energy experts are looking to determine what the next big breakthroughs in U.S. energy supply will be. Scotland-based consultancy, Wood Mackenzie, sees solar energy as the best candidate now for such change.
In a new study called “Is Solar the Next Shale?”, Wood Mackenzie reveals how steep reductions in the costs of making solar modules put solar technology in a strong position to compete with other forms of electric power in many parts of the U.S.
They also estimates that solar will account for 6% of the nation’s generating mix in 2035, compared to just 1% now.
Read the full article here.