Solar Energy Cost Hits Par with Coal Fuel
Source: Sydney Morning Herald, Ben Cubby, Brian Robins and Melissa Lahoud (8/18/11)
"The cost of solar power in parts of New South Wales has for the first time crept below that of coal-fired electricity."
The cost of solar power in parts of New South Wales has for the first time crept below that of coal-fired electricity— seen as a key tipping point for the expansion of renewable energy.
New data shows solar power is edging towards ''grid parity,'' after which it becomes cheaper than fossil fuel-generated energy such as coal and gas, even taking into account the upfront cost of buying rooftop solar panels.
But it was one of the few bright spots for an industry suffering from a 93% drop in rooftop panel installations since the boom late last year. . .View Full Article