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May 25, 2012

Solar Energy Generation Costs to Compete with Fossil Fuels by 2017

Despite recent clashes between the US and Chinese solar industries, it seems that the entire solar power sector is prospering. As stated in a new report from GlobalData, with the ever-increasing number of solar power installations, the cost of energy generation is falling. In fact, it is falling so quickly that the report predicts that by 2017 it’ll be cheaper than generating power from traditional fossil fuels.

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