17:54 GMT +322 September 2019
Listen Live
    Solar power station in Crimea

    Solar Power Likely to Become Cheaper Than Coal, Gas by 2025 - Study

    © Sputnik / Taras Litvinenko
    Tech
    Get short URL
    0 26
    Subscribe

    The cost of producing solar power is expected to drop from $0.10 per kilowatt hour to $0.05-$0.07 per kilowatt hour by 2025 in central and southern Europe, according to Agora Energiewende, a Berlin-based think tank.

    MOSCOW (Sputnik) — Solar power will become a cheaper source of energy than coal or gas by 2025 in many regions of the world, a study issued Tuesday by Agora Energiewende, a Berlin-based think tank said.

    The current price for power produced by solar plants in the European Union can be as much as $0.10 per kilowatt hour, while electricity from coal and gas-fired plants costs from $0.06 to $0.11 per kilowatt hour, according to the study titled "Current and Future Cost of Photovoltaics."

    The cost of producing solar power is expected to drop to $0.05-$0.07 per kilowatt hour by 2025 in central and southern Europe, the research revealed.

    "These results indicate that in future, power produced from large-scale solar photovoltaic plants will be cheaper than power produced from any conventional technology in large parts of Europe. Cost competitiveness will thus be achieved under optimal conditions before 2025," the study concluded.

    The study was published the day before the launch of the Energy Union framework strategy, a European Commission initiative aimed at reducing the EU’s dependence on non-EU gas supplies.

    The European Commission is set to discuss gas and electricity infrastructure projects within the framework of the Energy Union on February 25.

    Related:

    Apple to Invest $850 Million to Build Solar Farm in California
    US Senate Rejects Keystone Solar Power Amendment
    Oldest Planetary System in Solar System May Hold Keys to Alien Life
    Solar Powered Plane to Fly Around World Next Month
    Tags:
    forecast, solar energy, Agora Energiewende, Germany
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik