Power from solar panels is much closer to price competitiveness with fossil fuel-generated electricity than many policy-makers and investors realize.

Dollar_Sign_PlugPower from solar panels is much closer to price competitiveness with fossil fuel-generated electricity than many policy-makers and investors realize, according to Bloomberg New Energy Finance.

Many decision-makers have yet to catch up with the improvements in the economics of solar power from recent reductions in the cost of the technology, a working paper released by the London-based research firm said.

This competitiveness is often underestimated because inadequate metrics are used to compare the costs of different energy sources. It has major implications for policy and investment decision-makers, the report’s authors from seven organizations and companies said.

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Source: Marc Roca | BloombergBusinessweek