A COMING SOLAR-NAT GAS PARITY

Solar to Become Competitive with Natural Gas by 2025; Solar electricity will reach cost parity in 10 major regions, accelerating adoption without subsidies, and will even benefit from abundant natural gas

December 3, 2013 (LUX Research)

"Far from being bulldozed by cheap natural gas, unsubsidized utility-scale solar electricity will become cost-competitive with gas by 2025, according to Lux Research. In fact, increased gas penetration actually benefits solar, by enabling hybrid gas/solar technologies that can accelerate adoption and increase intermittent renewable penetration without expensive infrastructure improvements…The levelized cost of energy (LCOE) from unsubsidized utility-scale solar closes the gap with combined cycle gas turbines (CCGT) to within $0.02/kWh worldwide in 2025…led by a 39% fall in utility-scale system costs by 2030 and accompanied by barriers to shale gas production – anti-fracking policies in Europe and a high capital cost in South America…” click here for more

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