Solar Power May Already Rival Coal, Prompting Installation Surge

kristy Resource Efficiency, Greentech

An article from Bloomberg

Solar Power May Already Rival Coal, Prompting Installation Surge Q

By Ehren Goossens – Apr 6, 2011 12:00 AM ET
Solar panel installations may surge in the next two years as the cost of generating electricity from the sun rivals coal-fueled plants, industry executives and analysts said.

Large photovoltaic projects will cost $1.45 a watt to build by 2020, half the current price, Bloomberg New Energy Finance estimated today. The London-based research company says solar is viable against fossil fuels on the electric grid in the most sunny regions such as the Middle East.