16 Sep '11, 12pm

Reports of the death of solar power are highly exaggerated: via @grist

Reports of the death of solar power are highly exaggerated: via @grist

The solar company Solyndra recently filed for bankruptcy, which media reports have depicted as the end of solar power in the U.S. This is like saying there is no future for the internet because Netscape went out of business. The molar-grinding irony of it all is that Solyndra was the victim of a big success -- the price of solar power has fallen rapidly, making more expensive technologies like theirs uncompetitive, but more importantly, making solar power a real player in the U.S. energy economy. Since October of 2008, the average price of solar modules has fallen from $4.20 per watt to around $1.20 to $1.50 per watt today. These are mind-boggling reductions. And these new prices are resulting in extraordinary market development. As of June, California utilities have signed over eight gigawatts of solar contracts ... half of which are below the price of new natural gas gen...

Full article: http://www.grist.org/solar-power/2011-09-15-reports-of-so...

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