Solar PV costs expected to be cut in half by 2020

By Kathie Zipp Solar PV electricity costs have fallen 73% since 2010, according to a new cost analysis from the International Renewable Energy Agency (IRENA). Furthermore, solar PV costs are expected to be cut in half by 2020. The best solar PV projects could be delivering electricity for an equivalent of three cents per kWh or less within the next two years.
Global weighted average costs over the last 12 months for solar PV now stand at six cents and 10 cents per kWh respectively, with recent auction results suggesting future projects will significantly undercut these averages.The current cost spectrum for fossil fuel power

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