German Solar Power Costs May Sink Below Gas, Coal in 5 Years
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Electricity from solar panels in Germany may be as cheap as power from new gas and coal plants within five to eight years, a study by A.T. Kearney Inc. showed.
Production costs for solar power could be as low as 12.6 euro cents ($0.18) per kilowatt-hour by 2020 compared, with about 15.6 cents for fossil-fuel electricity generation, according to the study, which was commissioned by Phoenix Solar AG, a solar array developer.