GE : Solar cheaper than fossil fuels by 2016

After the quite depressing news from the International Energy Agency yesterday, here is something that might cheer you up. If proven true, this could literally change everything. According to Bloomberg :

Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years because of innovations, said Mark M. Little, the global research director for General Electric Co. “

(…) The cost of solar cells has fallen 21 percent so far this year, and the cost of solar power is now about the same as the rate utilities charge for conventional power in California, Italy and Turkey “

By Edouard

Edouard is a sustainability and energy professional committed to bringing our societies to a carbon neutral future. He has been writing on related topics on this very blog since 2007.

2 comments

  1. told you (all) so!
    from one humble opinion with common instincts–the sun was always there, free for the tapping…it does not cost more to do things right..will resume intelligent converse when returning to writing..merci pour l’ info.

  2. Thanks Nadine for coming back for more comments !

    I agree the sun is free, but the panels aren’t… But costs are being slashed. These are great news for sure, but that doesn’t make me more optimistic at the prospect of solving the climate / energy equation…

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