A new solar technology developed in Australia is set to bring down solar energy costs even further. Technique Solar based in Melbourne & run by Prof Ian Bates formally of RMIT University has developed solar panels that are claimed to be four times more efficient & three times cheaper than any comparable existing technology.
The panels are a hybrid of photovoltaic cells & acrylic lenses that are designed to track the sun as it moves across the sky. The design of the panels allows for the production of both heat energy & electricity.
With price per kw/hr expected to be anywhere from one third to one quarter that of existing technology, this recent advance in solar power generation is an initial indicator that the cost of solar power output will follow the price curve that other technologies exhibit which is down.
For more on Technique Solar visit their website