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 RESPONSIBLEFOR 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, Uruguay and other countries are reported to produce at costs below 7 ct/KWh.



Source: bio-energy-today.blogspot.com