Solar is Popular in Europe. Geothermal Advantages Overlooked (Siliconrepublic.com)
Report shows geothermal energy has lowest levelized costs
Solar energy now receives the most amount of energy funding annually, surpassing fossil fuels at just under €15bn, reveals a recent report released by the European Union (EU).
The initial findings in the report, Subsidies and costs of EU energies, indicate solar is considerably more popular in comparison with its other renewable energy counterparts and the established fossil fuel sources.
The highest level of support is given to solar, approximately equal to the 2012 levelized costs of solar utility scale PV (which has lower costs than roof top PV per unit of output). Production support in 2012 includes support still being paid on systems installed in previous years when the costs, and consequently the support was at much higher levels. Even in 2008, costs were around twice the costs in 2012.
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