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Friday
Jul162010

Solar power cheaper than nuclear for North Carolina

SustainableBusiness.com saysa 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.