Solar closes in on cost of coal-fired power — Deutsche Bank 0

utility-scaleThe cost of roof-top solar power is nearing that of coal-fired power, heralding growing competition with conventional energy utilities and commodities, according to Deutsche Bank analysts.

Residential solar power is already cheaper than residential power prices in many markets worldwide, and closing in on much lower wholesale power prices, they said.

The solar industry would grow 10-fold in the next 20 years, they forecast, and solar power would account for 30% of global power generation by 2050, from less than 1% now.

“Over the next 20 years, we expect over 100 million new customers to deploy solar and roughly $4 trillion of value to be created during this timeframe,” the analysts said, in their report, “Crossing the Chasm”.

 

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