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Principal Investigator's Selection
Solar PV Costs are Dropping Below Coal Globally
Solar Could Beat Coal to Become the Cheapest Power on Earth by 2024
Shankleman and Martin of Bloomberg News report that “solar power is now cheaper than coal in some parts of the world,” and in less than a decade, “it’s likely to be the lowest-cost option almost everywhere.” Better technology, economies of scale, and manufacturing experience “has been key in boosting the industry.”
Bloomberg reports that the average 1 megawatt-plus ground mounted solar system will cost 73 cents a watt by 2025 compared with $1.14 now, a 36 percent drop, according to a BNEF analysis. GTM Research expects parts of the US Southwest from $1 to drop as low as 75 cents in 2021, while DOE’s NREL expects costs of about $1.20 a watt now declining to $1 by 2020.
To read the full report, click the link below: http://bloom.bg/2hINqSM
Optics and Photonics Education News
LASER-TEC publishes a monthly newsletter called the Optics and Photonics Education News (OPEN) which includes upcoming events, jobs for graduating students, a featured college from our OPCN network, and information related to our Center, our partner colleges, and current news the field of optics and photonics.
To subscribe to the newsletter and to view all of the issues we have published, visit our Newsletter page.