Solar energy is probably one of the most commonly used renewable energy technologies in the world, and has huge potential to lead our efforts to leave the dark, smoky era of fossil fuels behind us. Unfortunately, as with all renewable energies, it is still young and cannot yet compete with existing sources of energy such as coal, nuclear, and natural gas in terms of price.
A new solar technology has recently been announced which claims to produce electricity at a levelised cost of energy (LCOE) of just 8¢/kWh. That is 66 per cent cheaper than normal retail electricity and a massive 300 per cent cheaper than any current solar technologies. It really could slash the price of solar energy and revolutionise the whole sector, as well as the battle against fossil fuels.
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