HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Topics » Environment & Energy » Environment & Energy (Group) » Falling solar prices good...
Introducing Discussionist: A new forum by the creators of DU

Thu Feb 2, 2012, 11:58 AM

Falling solar prices good for climate, bad for firms

http://www.reuters.com/article/2012/02/01/climate-solar-prices-idUSL5E8CV3LT20120201

There is a bright side to the plunge in solar panel prices that has brought down some U.S. and German manufacturers which relied too heavily on subsidies for green energy - solar power costs have fallen faster than anyone thought possible.

The falls in prices for photovoltaic components, pushed down by economies of scale and fierce competition from China, have made solar nearly as cheap as conventional sources in Germany's electricity grid.

The boom in Germany, the world's biggest photovoltaic market with 24,000 megawatts of installed capacity, has also helped to drive down costs worldwide, making solar a more viable and accessible alternative to fossil fuels in places ranging from India and the Middle East to Africa and North America.

The unexpectedly rapid drop in global solar prices has nevertheless hit some equipment makers hard - producers like Solyndra in the United States and Solon in Germany that failed to keep pace and ended up in bankruptcy protection.

<more>

0 replies, 348 views

Reply to this thread

Back to top Alert abuse

Reply to this thread