BendiNewsTest: Large-scale solar is nearly the same cost as other fuels in world’s three biggest markets

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Thursday, July 30, 2015

Large-scale solar is nearly the same cost as other fuels in world’s three biggest markets

If you remember anything from your first economics class, it probably has something to do with supply and demand. The more abundant a product, the lower the price drops. In the case of rapidly growing technologies like solar power, a plummeting price tag means an increase in demand, illustrating the economic principles perfectly. Large scale solar – the avenues that bring sun energy to utility company grids – has seen such substantial advancements recently that solar energy is now at near wholesale price parity with other sources of grid power in the three biggest markets on earth. According to industry experts, things could heat up even more in the future of solar power.