photo by Chandra Marsono
Last week we reported on how wind energy was becoming more cost competitive in Spain. On the heels of that comes a new report about how solar generated electricity may reach parity with fossil fuel-generated power in a short time.The Utility Solar Assessment Study concludes that 2015 is the year where the practical and symbolic tipping point will be reached. Currently electricity from solar power costs 15-32 cents/kWh, is expected to decline to 8-18 cents/kWh by 2015, and continue falling to 4-8 cents/kWh by 2025, the report claims.
Granted there are a lot of variables that could shift that time scale one way or the other, but the overall message is positive. Provided investment in solar increases ($26-33 billion per year is required) the US could be generating 10% of its electricity from solar power by 2025, and doing it at a lower cost than from conventional fuel sources.
via :: San Jose Business Journal
Falling Renewable Energy Costs
Rising Oil Prices Make Wind Cost-Competitive
New Solar Panels Produced at Less Than $1 Per Watt
Solar photovoltaic (PV) Costs Projected to Plunge Over 40%