Cost Of Solar PV Will Fall To 2 Cents/kWh In 2050, Says Fraunhofer Study

“In a few years, solar energy plants will deliver the most inexpensive power available in many parts of the world. By 2025, the cost of producing power in central and southern Europe will have declined to between 4 and 6 cents per kilowatt hour, and by 2050 to as low as 2 to 4 cents.” These are the main conclusions of a study by the Fraunhofer Institute for Solar Energy Systems commissioned by the German think tank Agora Energiewende. In view of these conclusions, “plans for future power supply systems should therefore be revised worldwide”, says Patrick Graichen, Director of Agora.

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