Economics of solar energy
by Peter Lorenz, Thomas Seitz , Dickon Pinner
Source: PrimeSolar.com
http://www.primesolar.com/en/notizia.asp?idNotizia=33
Solar energy is becoming more economically attractive as technologies improve and the cost of electricity generated by fossil fuels rises. By 2020, hundreds of billions of dollars of investment capital will probably boost global solar-generating capacity 20 to 40 times higher than its current level. New era for solar power is approaching. Long derided as uneconomic, it is gaining power as technologies improve and cost of traditional energy sources rises. Within three to seven years, unsubsidised solar power could cost no more to end customers in many markets, such as California or Italy, than electricity generated by fossil fuels or by renewable alternatives to solar. Solar power faces challenges that are common in emerging sectors. Several technologies are competing to win the lowest-cost laurels, and it’s not yet clear which is going to win. (more…)