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Next 10 Years: Cost of Solar Will Drop by Half, U.S. Will Build 5 Nuclear Power Plants

Bloomberg New Energy Finance this week is having its annual conference in New York. Among the tidbits making their way through the Interwebs, I found the following particularly interesting:

(1) Michael Liebreich, chairman of the research group, noted in a talk that he expects the cost of developing a solar power project to drop by half in the next decade, worldwide. New Energy Finance numbers suggest the cost of large solar photovoltaic (PV) projects to decline to from around $3.00 per watt today to $1.45 per watt in 2020.

A reduction of that magnitude would make solar energy more competitive with fossil fuels.

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Pace of Solar Panel Installations to Match Apple's Sales Growth

Posted by Adam Sewall In Tuesday, March 29 2011 under: Solar Industry News, Solar PV Panels, Bloomberg New Energy Finance, Apple

I'll be the first to admit it: solar panels aren't as cool as the iPad. I mean, at the end of the day, all they do is turn sunlight into clean, predictably priced electricity, right? The iPad, meanwhile, can do just about everything short of raising your children. (To be fair, I think they're working on an app for that.)

But just because solar panels aren't as cool as the iPad doesn't mean they're insignificant.

Case in point: new analysis from Bloomberg New Energy Finance suggests that solar-panel installations may grow by more than 50 percent in 2011, a rate that would match Apple's sales growth after the Cupertino, Calif.-based company launched the iPad in 2010.

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