India’s panel price crash could spark solar revolution
February 5, 2012
Solar power plant at Om Shanti Retreat Centre, India (credit: Ggn77/Wikimedia Commons)
In India, electricity from solar supplied to the grid is now cheaper than that from diesel generators.
Recent figures from market analysts Bloomberg New Energy Finance (BNEF) show that the price of solar panels fell by almost 50 per cent in 2011, resulting from economies of scale.
They are now just one-quarter of what they were in 2008. That makes them a cost-effective option for many people in developing countries.
[ New Scientist ]
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Comments (1)
by andmar74
The exponential growth of solar power, which has been going on for many years, is finally visible to the average person.