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Solar Power Pricing

Joyce Said:

When will Solar Power reach price parity with Fossil fuels?

We Answered:

Depends on where you are.

In rural locations, it's already reached price parity.


I'm doing some work in a solar power research group at the moment[1]. We work with Cadmium Telluride solar cells which are now being produced at $0.87/Watt-peak by FirstSolar in China, and a power plant built with them is apparently expected to reach grid parity in California:
http://earth2tech.com/2008/12/21/report-…

Having spoken to one of the lead Professors of PV-21, he said that a European solar PV research group expect grid parity somewhere around 2020 in Europe.

BP expects grid parity in much of America by 2015:
http://www.bp.com/popupimage.do?img_path…

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