24 Feb '15, 9am

Could solar be the cheapest power source for the UK within a decade?

Could solar be the cheapest power source for the UK within a decade?

There is no end in sight to recent reductions in the cost of solar power, which have already taken the technology to a position where it can undercut fossil fuels in many parts of the world. That is the conclusion of a major new report from the Fraunhofer Institute commissioned by Agora Energiewende, a German think tank that specialises in researching the country's high profile transition towards low carbon energy sources. The report details how "solar photovoltaics is already today a low-cost renewable energy technology" and predicts solar power will "soon be the cheapest form of electricity in many regions of the world". "Cost of power from large scale photovoltaic installations in Germany fell from over 40ct/kWh in 2005 to 9ct/kWh in 2014," the report states, adding that "even in conservative scenarios and assuming no major technological breakthroughs, an end to cost re...

Full article: http://www.businessgreen.com/bg/news/2396572/could-solar-...

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