Business Green (April 18)
2012/ 04/ 20 by jd in Global News
A new report from McKinsey “predicts solar power will be cost competitive with fossil fuels in hot countries within two to three years.” Capacity is likely to double within five years. The consulting firm’s report also predicts that costs will decrease 10% annually through 2020 when “costs could decline to $1 per watt peak (Wp) for a fully installed residential system.”
Tags: Capacity, Costs, Fossil fuels, McKinsey, Solar
