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Analysis: New technology focuses the sun to cut solar's cost

Wed, 01/18/2012 - 9:23am
Reuters

LOS ANGELES (Reuters) - A fledgling but fast-growing solar technology that multiplies the sun's power up to many hundreds of times promises to deliver cheaper electricity than traditional panels and has received the backing of some major industry players.

Called concentrating photovoltaic solar, or CPV, the technology is best suited for very sunny, desert-like locations and could face some near-term challenges. Those include a sharp drop in the price of its top competition -- mainstream solar panels -- and a financing environment that can be skittish about new technology bets.

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