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.