Solar could contribute more than nuclear to UK economy


Solar has the potential to create 60 gigawatts of generation capacity by 2030, supporting 50,000 green jobs and contributing £25.5 billion to the UK economy – more than any other technology, including nuclear – according to major new research, writes Greenwise Business.

The report by the Centre for Economics and Business Research (CEBR) – the first to quantify the impact of solar on the UK economy – estimates with the right Government support solar could be cheaper than constructing new gas within three years and could fall beneath the wholesale electricity price by 2014.

It also estimates solar could cut the cost of household energy bills by £425 million by 2030.

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