Solar Power Cost To Halve Over Next Ten Years

Via Enfinity
The chairman of Bloomberg New Energy Finance, Michael Liebreich, recently said at a conference in New York that the cost of large solar photovoltaic projects will fall to $1.45 per watt by 2020, down from the current $3.02 cost.

Mr. Lievbreich emphasized that cost cutting is the most powerful driver in the industry. He highlighted that innovation will play a key role in the process.

The U.S. Department of Energy earlier this year announced its SunShot initiative aimed at increasing the efficiency of solar manufacturing processes, optimizing the performance of solar installations and streamline the permitting process for solar projects. The goal is to achieve an overall cost reduction of 75 per cent.

Via Solar Daily

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Antonio Pasolini

London-based, Italo-Brazilian journalist and friend of the earth.

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