CHART OF THE DAY: Solar Power Has A Long, Long Way To Go To Be Competitive

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We told you earlier how many are losing faith in the promise of solar power. 

This chart, from AllianceBernstein’s Catherine Wood, illustrates one of the reasons:

It’s a breakdown of various firms’ estimates  — and the date the forecast was published — for when photovoltaic electricity generation will reach “grid parity” or become cost competitive with other power sources. 

chart of the day, solar power grid parity, october 2012

Photo: AllianceBernstein

Wood writes:

If I were a cynic, I would suspect that company executives were trying to encourage analysts to include a growth spurt in the more distant years of their earnings models. But even a massive growth spurt would not make the economics of solar work, in our analysis.

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