McKinsey: Solar will be cost competitive within a decade

BusinessGreen: The solar industry has delivered dramatic cost reductions that will continue over the next decade, ensuring the technology is cost competitive with conventional base load power sources such as coal and nuclear by 2020. That is the conclusion of a major new report from consultancy giant McKinsey, which predicts solar power will be cost competitive with fossil fuels in hot countries within two to three years, while further cost reductions will be delivered without any major technological breakthroughs....

URL: http://www.businessgreen.com/bg/news/2168375/mckinsey-solar-cost-competitive-decade?WT.rss_f=Home&WT.rss_a=McKinsey%3A+Solar+will+be+cost+competitive+within+a+decade