The Race Is On For $1/W Solar Power

SOLAR DAILY

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by Staff Writers
Boston MA (SPX) Mar 03, 2009
PHOTON Consulting has announced the release of The True Cost of Solar Power: Race to $1/W.

The report shows solar energy companies are cutting costs at a pace that will soon make solar power competitive with grid electricity in several major global markets.

The True Cost of Solar Power: Race to $1/W combines PHOTON Consulting's in-depth analysis of the solar sector with detailed solar energy cost forecasts to show an industry racing to deliver $1/W solar modules that cost $1/W to install.

The companies that win this race, according to PHOTON Consulting, will be able to provide large amounts of clean, competitively-priced electricity.

"By 2012, companies not able to achieve $1/W through the module level, $2/W through the system level and $0.10/kWh to $.20/kWh for electricity are significantly at risk, because other companies will get there," stated PHOTON Consulting's Managing Director, Michael Rogol.

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