Solar power at fossil fuel price

by Antonio Pasolini on April 30, 2008

A Silicon Valley system designer and developer called SUNRGI has said that a new solar energy system will soon make it possible to produce electricity at a wholesale cost of 5-cents per kWh (kilowatt hour). This price is competitive with the wholesale cost of producing electricity using fossil fuels and a fraction of the current cost of solar energy.

XCPV (Xtreme Concentrated Photovoltaics), a system that concentrates the equivalent of more than 1,600 times the sun’s energy onto the world’s most efficient solar cells, was announced yesterday by SUNRGI at the National Energy Marketers Association’s 11th Annual Global Energy Forum in Washington, DC, which ends today.

Solar Power at 5 cents per kWh would be a world-changing breakthrough,” said Craig Goodman, president, National Energy Marketers Association. “It would make solar generation of electricity as affordable as generation from coal, natural gas or other non-renewable sources, without requiring a subsidy”.

“In a little more than a year we were able to develop and successfully test XCPV,” said Robert S (Bob) Block, co-founder and SUNRGI principal. “We expect the SUNRGI system to become available for both on and off-grid power appplications, worldwide, in twelve to fifteen months”.

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