Solar Power Prices Predicted to Decrease

The Japanese company, Sharp, is banking the end of fossil fuels and the exponential rise in solar power use over the next five years. By 2010, they plan to have cut the cost of solar generation by half, and by half again a decade later. According to a Reuters article

"By 2030 the cost will be comparable to electricity produced by a nuclear power plant," said [Katsuhiko] Machida (president of Sharp. Asked how the costs were likely to compare with those for producing electricity from fossil fuels such as coal, Machida replied: "Fossil fuel resources will be totally out by then."
Machida also pointed toward innovations in technology and material, such as "so-called thin-film solar panels, which use less silicon but are less efficient than traditional solar panels." Thin-film costs less and is expected to be in higher demand as people begin using it for more diverse purposes.

Daqui: http://www.worldchanging.com/