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Falling solar prices good for climate, bad for firms

Tue, 01/31/2012 - 8:23pm
Reuters

BERLIN (Reuters) - There is a bright side to the plunge in solar panel prices that has brought down some U.S. and German manufacturers which relied too heavily on subsidies for green energy - solar power costs have fallen faster than anyone thought possible.

The falls in prices for photovoltaic components, pushed down by economies of scale and fierce competition from China, have made solar nearly as cheap as conventional sources in Germany's electricity grid.

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