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solonavi 25 June 2008 Technology 247 views No Comment Print This Post  Email This Post

reuters

The costs of making electricity with solar power within a decade will reach parity with power made with fossil fuels like natural gas and coal, a study announced on Tuesday by supporters of renewable and solar energy says.

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The statement says solar power can make 10 percent of U.S. power generation by 2025, or about 255,000 of installed solar generation.

Installed solar power — both photovoltaic and concentrated solar power — has jumped to 3,000 megawatts in 2008 from 600 MW in 2003, the study said. Even that higher number is less than a tenth of 1 percent of total U.S. power generation.

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Among the study’s findings is that the average cost for solar photovoltaic power will drop to 8 to 18 cents per kilowatt-hour by 2015 from today’s 15 to 32 cents per KWh, and further to 4 to 8 cents per KWh by 2025.

The study was written after more than 30 interviews with solar, utility, financial and policy experts and a study of market data, Clean Edge said.

A different study by the U.S. Energy Department and wind power industry advocates issued in May said it is feasible to have 20 percent of U.S. power generation from wind power by 2030. U.S. installed wind generation is about 16,000 MW now. (Reporting by Bernard Woodall, editing by Mark Porter)