30 Jun '13, 1pm

#SolarPower Is it cheaper than #WindPower? The answer might surprise you via @solarfeeds

#SolarPower Is it cheaper than #WindPower? The answer might surprise you via @solarfeeds

Everyone knows wind is cheaper than solar, right? Wind energy was the first renewable to mature and the first to achieve parity with coal in many situations. But solar is growing up and catching up to wind on price and definitely on installations. Last year, in certain markets, it cost less to buy solar systems than wind per watt. While Vestas charges about $1.34 per watt for wind, solar systems from leading manufacturers are down to $0.70-$0.80 per watt, says Reuters . And this year, solar could cross another threshold – where more is installed each year than wind turbines worldwide, reports Reuters. It still costs less to produce energy from wind than from solar, but not for long. Prices have come down for solar and wind, but for different reasons. For solar, as you probably know by now, prices plummeted from China’s subsidies which encouraged commoditization and a globa...

Full article: http://www.solarfeeds.com/solar-power-cheaper-than-wind/

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