19 Mar '12, 3pm

Small-Town Solar Revolution Has Created Jobs Galore & Driven Down Price of Power in Germany

Small-Town Solar Revolution Has Created Jobs Galore & Driven Down Price of Power in Germany

Solar power lowers the average price at the Power Exchange EPEX by up to ten percent, even at lunch time by up to 40 percent. This is confirmed by a brief study of the Institute for Future Energy Systems (IZES gGmbH), Saarbruecken, which was commissioned by the Federal Association of Solar Industry Association (BSW-Solar). Overall, the effect of price reduction amounts for the year 2011, thus 520 to 840 million euros — the equivalent of a price reduction from four to six euros per megawatt hour. ”There is much talk about the cost of solar electricity,” said Carsten Koernig, Chief Executive of BSW-Solar. ”The IZES study shows that solar power has already and exculpatory price effects.”

Full article: http://cleantechnica.com/2012/03/19/small-town-solar-revo...

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