The production cost of solar power could be halved by 2013 given higher demand, improved technology and economies of scale, according to to Suntech Power Holdings Co, the world's largest thin-film solar cell manufacturer.
The production cost could fall to US$1 per watt from about $2 at present, said chief executive and founder Zhengrong Shi. "We are on track to hit that goal, as solar prices across the industry continue to decline at an average of 6% a year," said Mr Shi.
Speaking yesterday in Bangkok at the Clean Power Asia Conference & Expo 2011, he said there was a natural trend for solar power to become an important part of the energy mix in Southeast Asia.
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