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Carbon Trust aims to make solar cost-effective by 2017

ctCarbon Trust, which invests in low-carbon technologies, recently launched a new £5m R&D initiative to try make solar technology more cost-effective.

As the firm explains:

The programme will be delivered by the Carbon Trust’s preferred partners – the University of Cambridge and The Technology Partnership (TTP) – with the objective of turning solar PV into a cost effective energy source within ten years. The project aims to deploy more than 1GW of organic PV by 2017, which could deliver CO² savings of more than 1 million tonnes per year. It will also build on the UK’s role in the global organic PV market, with the potential to help the UK take a lead in this exciting new area.

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