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75% drop in cost of solar photovoltaic energy with new technology

Now, technology to reduce cost of solar energy by 75% Business Line, WASHINGTON, SEPT 2: Scientists have developed a new technology which they claim could make production of solar energy cheaper by 75 per cent, and thus speed-up its market adoption.

The RTI International solar cells are developed from solutions of
semiconductor particles, known as colloidal quantum dots, and have a
power conversion efficiency that is competitive to traditional cells
at a fraction of the cost.

Solar energy has the potential to be a renewable, carbon-neutral
source of electricity but the high cost of photovoltaics, the devices
that convert sunlight into electricity, has slowed widespread adoption
of this resource.

Preliminary analysis of the material costs of the technology show that
it can be produced for less than 20 dollars per square meter, 75 per
cent less than traditional solar cells…..
http://www.thehindubusinessline.com/news/science/article3850964.ece

September 3, 2012 - Posted by Christina Macpherson | 2 WORLD, renewable