25 Mar '15, 5am

Cost Of Solar PV Will Fall To 2 Cents/kWh In 2050, Says Fraunhofer Study

According to the study, “most scenarios fundamentally underestimate the role of solar power in future energy systems.” The study shows “that solar energy has become cheaper much more quickly than most experts had predicted and will continue to do so,” says Dr. Patrick Graichen, Director of the Agora Energiewende in a press release. “Plans for future power supply systems should therefore be revised worldwide. Until now, most of them only anticipate a small share of solar power in the mix. In view of the extremely favourable costs, solar power will on the contrary play a prominent role, together with wind energy – also, and most importantly, as a cheap way of contributing to international climate protection.”

Full article: http://cleantechnica.com/2015/03/25/cost-of-solar-pv-will...

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