31 Mar '15, 9pm

Solar Power To Become Cheapest Source Of Energy In Many Regions By 2025

Solar power still amounts for a small share of net electricity generation around the world. In the USA, for instance, as of December 2014 it was responsible for just 0.45% of the total electricity produced. Things are changing quite quickly, however, and if the German think tank Agora Energiewende is right, faster than expected. The main obstacle to a more widespread adoption of photovoltaic so far, has been cost: solar used to be very expensive compared to coal or gas, but, according to Agora – that recently commissioned a study on the subject to the Fraunhofer Institute for Solar Energy Systems – this is no longer true. Solar power – researchers say – thanks to technological advancements, is already cost-effective in some sunny regions: in Dubai, a long-term power purchase contract was signed recently for 5 cents per kilowatt hour. Projects under construction in Brazil, ...

Full article: http://www.solarfeeds.com/solar-power-to-become-cheapest-...

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