{"id":1940,"date":"2011-06-06T17:00:00","date_gmt":"2011-06-06T21:00:00","guid":{"rendered":"http:\/\/www.l-a-k-e.org\/blog\/2011\/06\/solar-cheaper-than-fossil-power-in-five-years-mark-m-little-of-ge.html"},"modified":"2011-06-06T17:00:00","modified_gmt":"2011-06-06T21:00:00","slug":"solar-cheaper-than-fossil-power-in-five-years-mark-m-little-of-ge","status":"publish","type":"post","link":"http:\/\/www.l-a-k-e.org\/blog\/2011\/06\/solar-cheaper-than-fossil-power-in-five-years-mark-m-little-of-ge.html","title":{"rendered":"Solar Cheaper Than Fossil Power in Five Years &mdash;Mark M. Little of GE"},"content":{"rendered":"Brian Wingfield wrote for Bloomberg 26 May 2011,\n<a href=\"http:\/\/www.bloomberg.com\/news\/print\/2011-05-26\/solar-may-be-cheaper-than-fossil-power-in-five-years-ge-says.html\">\nGE Sees Solar Cheaper Than Fossil Power in Five Years<\/a>\n<blockquote>\n<a href=\"http:\/\/www.bloomberg.com\/news\/print\/2011-05-26\/solar-may-be-cheaper-than-fossil-power-in-five-years-ge-says.html\">\n<img decoding=\"async\" style=\"float:right;border:none;\"   src=\"http:\/\/www.bloomberg.com\/apps\/data?pid=avimage&#038;iid=ikqSp2NOc7FE\"><\/a>\nSolar power may be cheaper than electricity generated by fossil fuels and\nnuclear reactors within three to five years because of innovations, said\nMark M. Little, the global research director for General Electric Co. (GE)\n<p>\n&#8220;If we can get solar at 15 cents a kilowatt-hour or lower, which I&#8217;m\nhopeful that we will do, you&#8217;re going to have a lot of people that\nare going to want to have solar at home,&#8221; Little said yesterday in an\ninterview in Bloomberg\u2019s Washington office. The 2009 average U.S. retail\nrate per kilowatt-hour for electricity ranges from 6.1 cents in Wyoming to\n18.1 cents in Connecticut, according to Energy Information Administration\ndata released in April.\n<\/blockquote>\nGE is working on thin film solar.\nMeanwhile, costs are already coming down:\n\n<!--more-->\n<blockquote>\nSolar-panel makers from Arizona to Shanghai are expanding factories to\nadd more cost savings that analysts say will sustain the industry\u2019s\nexpansion. Installations may increase by as much as 50 percent in 2011,\nworth about $140 billion, as cheaper panels and thin film make developers\nless dependent on government subsidies, Bloomberg New Energy Finance\nforecast.\n<p>\n<a href=\"\/blog\/2011\/03\/the-plummeting-cost-of-solar-electricity.html\">\n<img style=\"float:right;border:none;\"\nwidth=\"224\"\nheight=\"146\"\nsrc=\"http:\/\/www.scientificamerican.com\/media\/inline\/blog\/Image\/naam-solar-moore_s-law-5.jpg\"><\/a>\nThe cost of solar cells, the main component in standard panels, has\nfallen 21 percent so far this year, and the cost of solar power is now\nabout the same as the rate utilities charge for conventional power in\nthe sunniest parts of California, Italy and Turkey, the London-based\nresearch company said.\n<\/blockquote>\nThis continual cost decrease of solar power has been going on\n<a href=\"\/blog\/2011\/03\/the-plummeting-cost-of-solar-electricity.html\">for a decade or more.<\/a>\n<p>\n-jsq\n","protected":false},"excerpt":{"rendered":"Brian Wingfield wrote for Bloomberg 26 May 2011, GE Sees Solar Cheaper Than Fossil Power in Five Years 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. 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