Nanosolar, a solar energy firm, promises cheaper-than-coal electricity with its first commercial-grade solar electric panels.
An excerpt from New York Times:
“Nanosolar’s founder and chief executive, Martin Roscheisen, claims to be the first solar panel manufacturer to be able to profitably sell solar panels for less than $1 a watt. That is the price at which solar energy becomes less expensive than coal.
“‘With a $1-per-watt panel,’ he said, ‘it is possible to build $2-per-watt systems.’
“According to the Energy Department, building a new coal plant costs about $2.1 a watt, plus the cost of fuel and emissions, he said.”
Funding for the company also comes from Google’s founders, which is a good bet since Google itself is backing several renewable energy schemes. The manufacturing technique for the solar panels is akin to a printing process. Scalability to utility-level implementations has been demonstrated with the deal to install a 1 mega watt solar plant in Germany. One of the first three Photovoltaic modules has even been put up for sale on eBay.
Nanosolar’s growing aims (MercuryNews)
Solar company Nanosolar ships first panels (BizJournal)
Nanosolar and Beck energy win solar project in Germany (Energy Busniess Review)