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https://www.afinalwarning.com/506799.html (Natural News) Biden administration officials announced a plan to reduce the cost of solar energy by 60 percent within the next ten years. This goal, set by the
Department of Energy (DOE), aims to reduce the cost of utility-scale solar energy by 2025 and 2030. According to officials, the move was essential to achieving the 100 percent clean energy by 2035 objective set by President Joe Biden.
In a March 25 statement, the DOE said it would strive to reduce the cost of solar energy, currently at 4.6 cents per kilowatt-hour, to 3 cents by 2025 and 2 cents by 2030. It also announced new funding worth $128 million for solar energy – intended to lower its cost, improve its performance and expedite its deployment. Most of the funding would be allocated to research on thin-film solar and concentrating solar-thermal technologies.
1st April 2021 Online Editor
The U.S. Department of Energy (DOE) has announced an ambitious new target to cut the cost of solar energy by 60% within the next 10 years, in addition to nearly US$128 million in funding to lower costs, improve performance, and speed the deployment of solar energy technologies. These investments support the Biden-Harris Administration’s climate goals and will pave the way for affordable decarbonization of the energy system and a robust clean energy economy.
“In many parts of the country, solar is already cheaper than coal and other fossil fuels, and with more innovation we can cut the cost again by more than half within the decade,” said Secretary of Energy Jennifer M. Granholm. “This first burst of funding will help us add even more affordable clean energy to the grid, jobs to communities across the country, and will put us on the fast track toward President Biden’s goal of 100% clean electricity by 2035.”