Solar power cheaper than nuclear for North Carolina

SustainableBusiness.com says a new report written by a former chancellor and economics chair of Duke University, claims that solar electricity will be cheaper than, and online before, new nuclear power. Moreover, solar power is poised to bring thousands of jobs to North Carolina, yet utilities are still preferring to invest in more expensive nuclear power. The author attributes this economic disconnect to North Carolina's monopoly power market versus the open competition for electricity sales in other states. These other states are rejecting nuclear in favor of renewable energy and are leading North Carolina in the renewable energy industry.

Update on August 5, 2010 by admin

See an additional article in Daily Tech.

Update on December 2, 2010 by admin

North Carolina Waste Awareness Reduction Network (NC WARN), which commissioned this report in the first place, has posted the full report, along with a press release, links to news coverage, as well as a letter it sent to the Governor of North Carolina.