I have been saying it since 2011. Solar will shake the energy world as strongly as shale gas.
Now Deutsche Bank is out with a study showing that the solar shock to energy has begun and will in just 2 years be spreading creative destruction far and wide through energy industries. The Deutsche Bank numbers are simply stunning and exceed my own projections of a year ago.
It has taken the entire history of the United States for solar generation to reach this year a total of 10,000 megawatts. But solar will be adding more than 10,000 megawatts each and every year starting in 2015, when Deutsche projects 12,000 megawatts will be built. In 2016, Deutsche states 16,000 megawatts of solar will come on line in that single year. And most of this solar boom will be on roofs.
By way of comparison, 16,000 megawatts of solar per year is the equivalent of building 4 medium sized nuclear plants each and every year. Just astonishing!
By 2016, the Deutsche Bank study says 50,000 megawatts of solar will be operating in the USA, of which 30,000 megawatts will be distributed and on rooftops. Of course, that is just the start of the solar boom. The days are fast coming when most roofs in many neighborhoods will have solar installed.
Solar generation at that scale will massively change the energy world--electric generation, transmission, distribution and the consumption of fossil fuels. The solar tsunami has now formed and is headed to shore, but even many in the energy business remain unaware.