A new study titled the Utility Solar Assessment (USA) Study is predicting that solar power will reach cost parity with conventional energy sources by the year 2015.
"... we project that solar PV will reach cost parity with conventional retail electricity pricing, on a straight kWh rate basis, throughout much of the U.S. by around 2015," it said.
The study was created by by Co-op America and the research firm Clean Edge.
Massachusetts Solar Panel Manufacturer Lands New Contracts Worth Around $1 Billion
Solar panel manufacturer Evergreen Solar, Inc. has announced that its facility in Devens, Massachusetts will begin working to fulfill around $1.7 billion in new contracts this summer.
Tax Incentives For Renewable Energy Sector More Than Pay For Themselves
A new study released by General Electric estimates that the federal tax incentive for wind energy projects set to expire at the end of this year "more than pays for itself through tax revenues from the projects' income, vendors' profits and individual workers' wages."
Renewable energy industry leaders are calling on Congress to extend the incentives as soon as possible in order to ensure the sector's continued growth.
Plans for 2nd Largest Wind Power Project in New York Approved
The New York State Public Service Commission has approved plans to build what will be the state's second largest wind farm, the Marble Rivier Wind Project, according to a recent press release.
"Given the fact that fossil fuels are becoming increasingly expensive, and contribute to
greenhouse gas emissions, it is in our best interests to foster the development of renewable
energy sources, including wind power projects, whose output can be delivered to the electric
grid," said Commission Chairman Garry Brown.
Horizon Wind Energy LLC and AES-Acciona Energy NY, LLC will work together on the project.
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Comments: 9
Our government needs to step up since the free-market simply doesn't work when start up costs are so high.
Amy - I'm sure about that myself. Partly it is a question of storage. The power produced by solar panels can be stored in batteries, and researchers are searching for ways to make these batteries more efficient.