Solar keeps getting cheaper -- Growing like lillies on a lake

Back in October, I blogged about the dropping price of solar and the inevitability of cheap electricity.

This Report  illustrates the massive 40% increase in global solar panel production capacity.  The report indicates that “incentive schemes and technical advances are having a positive downward impact on photovoltaic costs.” Market value is estimated to reach €40 billion by 2010 while prices for customers continue to drop. 

Though today solar is an immaterial component of global energy production, if production keeps growing at 40%, solar could get very big fast.

There is a nice summary at mokkikunta