It's only a question of time until renewables will kill fossil fuels. If only we'd stop subsidising fossil fuels [2].
The report you're quoting is itself highly questionable. Just as an example, wind speed averages are based on Cambridge, which isn't anywhere near the coast where wind turbines should live. Anything from a comprehensive report. Furthermore, he compares the energy to a random amount of energy (50% of energy consumed by cars). The report itself seems a little bit of warm air.
[1] https://en.wikipedia.org/wiki/Energy_transition_in_Germany [2] http://spectrum.ieee.org/energywise/energy/fossil-fuels/in-2... [3] http://www.nature.com/scientificamerican/journal/v301/n5/ful...
In chapter 25, he acknowledges that while the cost of photovoltaics will fall, he does not see it doing so in a timeline that will be useful in terms of getting everything deployed for a ~2050 deadline. Economically speaking, carpeting deserts with concentrating collectors will be the cheaper of the solar options. The book is careful about doing all the math, citing all its sources and carefully explaining the scenarios it models. It is a very good book[+].
But cost is not the only issue—even as prices fall, there is still the problem of land use area. Efficiencies aren't going to pass 30% (without going to much more expensive materials) and for mass production, we can halve that; cheap as panels may someday become, places with high pop densities (on top of seasonal variations/not being near the equator) are going to have trouble meeting their needs. Especially if they don't want to get rid of their curling irons, hair/clothes dryers, toasters and electric stove/kettles. But panels/turbines aren't the whole picture.
Already today, panels take up only a fraction of the cost of solar. You ideally, want an MPPT controller. You might need voltage regulators, you'll need a rack for the panel and batteries, an appropriately sized inverter, wiring and installation. Batteries—to save more money long term—you want to oversize them so you rarely hit a low depth of discharge. But more batteries means more panels. You also want enough batteries such that you can wait out ~4 days of low light (speaking from experience, on cloudy days you can go the entire day at ~13% typical amp output). Even those at the equator will only get ~6 good hours of sunlight (~8 hours for an appreciable amount), so even for the best case scenario, 12 hours of storage per person is not going to cut it. Solar is great but it's no panacea. And the math doesn't work out for chemical energy storage. Molten salt storage, compressed air look to be more logical at the grid level but even they won't be sufficient.
That said, Mr Theil is also incorrect to place Nuclear in opposition to renewables. Renewables will be in addition to Nuclear [-]. As well as looking into more DC appliances, more HVDC and working out circuit breakers for them, optimal manufacturing layouts such that 'waste output' can be redirected to where it is needed. More energy efficient devices, energy routing algorithms (and a global grid of superconducting HVDC while we're at it—seems far fetched but still at a much higher technological readiness level when compared to fusion), better city planning, climate control with geothermal heatpumps, more material reclamation and recycling, nuclear waste as fuel, carbon capture, extracting CO2 from the ocean for fuel and a cultural move away from an over consuming disposable society.
[+] I am biased in that I'd already known the author for one of the best free books on information theory and machine learning. Anyone interested in the link between learning, energy and thermodynamics should see this book as a starting point. http://www.inference.phy.cam.ac.uk/itprnn/book.pdf
[-] Ch. 24 of sewtha.pdf goes into numeric data backed detail on why most build out, waste, cost arguments against nuclear are weak. Personally, I think at best, we only have a couple hundred more years where we can all be justifiably irrationally paranoid over Nuclear. We should have DNA repair down by then.
But this highlights what I think is the main problem with the large scale nuclear energy vision, it would replace oil with Uranium as the root of geopolitical resource control wars.
Worse, this concern is making the usual mistake of only considering uranium. Thorium is a waste product from rare earth mining and is very abundant in the USA (and elsewhere). If we build thorium based reactors, fuel is practically unlimited and free (compared to the costs of running a reactor).
EX: We can manufacture 40+% efficient solar cells, sure there expensive, but saying the only thing possible is some lower efficiency level is clearly BS. [They use 10% as some sort of arbitrary limit on page 41.]
PS: Photovoltaic panels with 20% efficiency are already close to the theoretical limit (see this chapter’s endnotes Current, world record for concentrated solar is 46%.
They are likely referring to the theoretical limit for crystalline silicon based cells (~30% IIRC). This is due to silicon's particular band gap. The record is held by multi-junction cells, which don't suffer from this limitation (which is part of their problem, as they use materials far more expensive than silicon).
1: In 2010, the UK produced 73% of ‘indigenous-type foods’, and is about 60% self-sufficient when exports and local consumption are set against production http://www.foodsecurity.ac.uk/food/uk-facts.html
Some GenIV nuclear reactor technologies have a somewhat clearer path to viability than multi-junction solar cells, which have not been able to beat traditional cells in a price-to-performance ratio. We don't even know if there exist materials and processes that can replicate the performance without the costs; see high temperature superconductivity for a technology that's been stuck at that stage for a while, even in the face of the helium shortage.
Further you can mix solar and wind farms as the wind farm does not take up much space.
Also, he uses mixed units when not realistic. A Tesila roadster for example gets 390 km from a 52kwh battery pack. Doing a direct petroleum has X energy so you need that much electricity is dum as cars have terrable efficency.
But, most importantly the UK already imports a lot of food and energy, making this a really silly comparison. Solar cells in Africa can more cheaply provide energy so that's a better place to put them.
Getting significantly better than 10% is very expensive. Getting beyond about 25% is currently well beyond feasible for large scale power generation.
[1] https://www.greentechmedia.com/articles/read/Is-SolarCitys-N...
[2] http://sroeco.com/solar/solar-efficiency-losses-over-time/
Conclusion: The UK doesn't receive enough sunlight or have enough wind/waves/tidal pools/land to grow food, power cars (of any kind) and meet other energy needs. The UK can never get all of their energy carbon free without nuclear or importing power. The US is in a better place because of solar in the Southwest but we still don't have the technology/infrastructure to transport all of that power.