Why is solar power interesting? There have been some changes lately and it’s obvious just looking at the last several years. Since 2006, coal and oil prices have risen by 30%. At the same time, price of photovoltaic (PV) technology dropped by 60%. While that kind of cost reduction of PV technology won’t be possible perpetually, neither will fossil fuel industries be able to keep cost from rising much sharper, simply because their ability to provide fuel at volume will dwindle as reserves diminish and get harder to reach, while hunger for energy insatiably grows.
Germany is an important part of this post because at midday on May 25th 2012, (more…)