Solar Energy Soon to be Cheaper Than Coal
December 11, 2007
The Nanosolar company is working to build the world’s largest solar cell factory in California (slated to be in full production in 2008), and the world’s largest panel-assembly factory in Germany.
They have successfully created a solar coating that is as thin as a layer of paint, while at the same time reducing the cost of production from $3 a watt to only 30 cents per watt. For the first time in history, solar power will be cheaper than burning coal.
Nanosolar won the Popular Science Innovation of 2007 award, and they plan on producing their first product next year. They have been able to reduce the price of solar power by 90 percent. This has the potential to radically change the equation when it comes to choosing your energy sources.