Solar Power the cheapest form of power

A major new study finds that the cost reduction potential of large scale solar is still misunderstood, and predicts that solar PV will be the cheapest form of power within a decade.

Even in the most conservative scenarios for market development, without considering technology breakthroughs, significant further cost reductions are expected.

solar power will become the cheapest source of electricity in many regions of the world, reaching costs of between Euro 1.6 and 3.7c/kWh in India and the Mena region (Middle East and North Africa) by 2050.

Cost competitiveness with large-scale conventional power plants will be reached in these regions within the next decade, at a cost for solar power by 2025 ranging between 3.3 and 5.4 ct/kWh.