Links
Study: Solar power is cheaper than nuclear
The Holy Grail of the solar industry–reaching grid parity–may no longer be a distant dream. Solar may have already reached that point, at least when compared to nuclear power, according to a new study by two researchers at Duke University.
It's no secret that the cost of producing photovoltaic cells (PV) has been dropping for years. A PV system today costs just 50 percent of what it did in 1998. Breakthroughs in technology and manufacturing combined with an increase in demand and production have caused the price of solar power to decline steadily. At the same time, estimated costs for building new nuclear power plants have ballooned.
The result of these trends: "In the past year, the lines have crossed in North Carolina," say study authors John Blackburn and Sam Cunningham. "Electricity from new solar installations is now cheaper than electricity from proposed new nuclear plants."
If the data analysis is correct, the pricing would represent the "Historic Crossover" claimed in the study's title.