George Monbiot claims in a gentlemanly article to have won our £100 bet, made three years ago, that solar PV would be at grid parity – the same cost as conventional retail electricity – by 2013.
The very good news is that over the past three years, the actual average price of installed residential solar PV has come down some 60%, while the cost of new nuclear has gone up 70% and is still rising. I base the former on the real achievement at my company Solarcentury and the latter on a recent compilation in Le Monde of data for EDF’s Flamanville EPR reactor, the type of nuclear plant nuclear advocates like George want to foist on the UK economy at great cost to the public, starting at Hinkley Point.
Written by Jeremy Leggett. To read the full article, click here