Submission + - Solar Energy Is Now Same Price As Conventional Power In Germany, Italy, Spain (computerworld.com) 1
Lucas123 writes: A new study by International consulting firm Eclareon found that the cost of solar- and conventional-powered electricity has the same per kilowatt hour (kWh) price tag in Germany, Italy and Spain. The report covered 19 cities in 10 countries (Australia, Brazil, U.S., Chile, France, Germany, Italy, Mexico, Spain and the U.K.). In Latin America, while the cost of renewable energy has gone down, high installation prices still prevent PV technology from being competitive against grid electricity. Meanwhile, in the U.S., there has been a 50% reduction in the cost of renewable energy over the past five years, according to an August 2013 report from global financial adviser and asset manager firm Lazard Freres & Co. In areas of the U.S., the dropping costs of solar, wind and hydroelectric power has spurred utilities to sign contracts to use renewable energy rather than conventional fuels like gas in power plants, according to Cory Honeyman, a solar power analyst with GTM research.