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23 Jan 2009 05:01:04

Solar power 'will be the major new source of power'

Solar power 'will be the major new source of power'
The price of solar panels will fall by up to ten per cent every year, according to an expert.

Solar power will become increasingly cheaper as technology advances and production capacity increases, according to an industry figure.

Kass van der Leun, speaking at the World Future Energy Summit in Abu Dhabi, said that the price of photovoltaic solar panels would fall up to ten per cent a year over the next decade.

His firm, sustainable energy company Econcern, has installed 35 megawatts of solar panels and claims that in ten years time solar will be the major new energy.

He added: "In the last decade, solar energy volumes have grown at an annual rate of 40 to 50 per cent. Conversely system prices are decreasing by an average seven to ten per cent per year, due to technological innovation and increased production capacity."

Solar power is particularly useful in the Middle East he said, with the peak in electricity demand caused by air conditioning coinciding with periods of high sunlight.

Econcern is the holding company for consulting company Ecofys, which earlier this week published a report suggesting power plants should have limits on the amount of carbon dioxide they can emit per electrical unit.


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