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Solar can meet 25% of annual US demand without major intervention, report claims

The US Department of Energy launched the SunShot Initiative in 2011 as a collaborative national effort that aggressively attempts to drive innovation forward to make solar energy cost-competitive with traditional energy sources by 2020; with a goal to drive down solar electricity costs to US$0.06/kWh.

Five years into the DOE’s decade-long SunShot Initiative, the solar industry is 70% of the way to achieving that cost target. Today, at the halfway mark to the target date, DOE is taking stock of the progress made, assessing what has been learnt and the barriers and opportunities yet to be faced.

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