Industrial and commercial solar power can be delivered across China cheaper than grid electricity, according to a study published in Nature Energy. NREL/TP-6A20-68925) Researchers confirmed projects could be built without subsidy at lower prices than those offered by grid power, with over 20% able to produce electricity at cheaper prices than coal. The "stunning" performance was attributed to technological advances, a fall in costs and government support since 2000. A new report from the International Energy Agency (IEA) shows that China's installed capacity for renewable energy grew more rapidly between 2000 and 2010 than any other country except Germany. ’s Jenny Chase added.
Industrial and commercial solar power can be delivered across China cheaper than grid electricity, according to a study published in Nature Energy. Researchers confirmed projects could be built without subsidy at lower prices than those offered by grid power, with over 20% able to produce electricity at cheaper prices than coal. The "stunning" performance was attributed to technological advances, a fall in costs and government support since 2000. A new report from the International Energy Agency (IEA) shows that China's installed capacity for renewable energy grew more rapidly between 2000 and 2010 than any other country except Germany. ’s Jenny Chase added.