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Power

+ - Trends in power generation

Submitted by
mdsolar
mdsolar writes "With wind power already cheaper than many other forms of power generation http://www.awea.org/pubs/factsheets/Cost2001.PDF, will solar power surpass it as the cheapest? The article http://www.telegraph.co.uk/money/main.jhtml?xml=/m oney/2007/02/19/ccview19.xml suggests it might and soon. Banking interests rather than securites markets may end up having the best shot at profiting from this since the return on investment is on a timescale that fits long-term investment which generally makes up a much smaller portion of other energy companies' portfolios. From the article:


The tipping point in Germany and Japan came once households twigged that they could undercut their unloved utilities. Credit Lyonnais believes the rest of the world will soon join the stampede.

Mike Splinter, chief executive of the US semiconductor group Applied Materials, told me his company is two years away from a solar product that reaches the magic level of $1 a watt.

Cell conversion efficiency and economies of scale are galloping ahead so fast that the cost will be down to 70 US cents by 2010, with a target of 30 or 40 cents in a decade.

So, a question for the veterans of the dotcom boom: Should energy be controlled by the conservative money?"

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