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Thursday
Jun022011

GE: "Solar power may be cheaper than electricity generated by fossil fuels and nuclear reactors within three to five years"

Bloomberg reports that atomic reactor vendor General Electric (which designed and even built Mark 1 Boiling Water Reactors currently melting down at Fukushima Daiichi, Japan), which also has a renewable energy division, admits that thin-celled solar photovoltaic panels which it manufacturers will be cheaper than both nuclear power and fossil fuel fired electricity generation in as little three to five years.