11 Apr '11, 1pm

Industry Leaders: SunShot's $1 per Watt Goal Feasible: Rapid growth in solar photovoltaics fueled a space race

Prices still hover around $3 per watt currently, so it will take multiple breakthroughs in technology, public policy and manufacturing processes before reaching the U.S. Department of Energy’s SunShot goal of $1 per watt by 2017. Industry leaders say a lot can happen in six months, let alone six years, so that goal might even be achievable without a major technological breakthrough. “Freefall is the only way to describe solar energy prices in the last couple of years,” said Ryne Raffaelle, director of the National Renewable Energy Laboratory’s National Center for Photovoltaics . That “freefall” has been driven by the growth of solar installations, which is no longer a small business – it is a $100 billion industry worldwide, he said. The cost reductions are so dramatic, that Bloomberg recently reported that solar energy could soon rival coal , while it has also become comp...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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