Peng Xiaofeng, chairman and chief executive officer of LDK Solar, one of China’s leading solar energy companies, insists sun power will eclipse coal, gas and oil in the 22nd century.
One of China’s leading young entrepreneurs (listed by Forbes magazine as one of the 500 richest men in the world) he believes people consistently underrate this natural form of new energy.
"In 100 years, my view is that 60% of the world’s energy will come from solar power. This is not an optimistic prediction. The European PhotoVoltaic Industry Association (one of the solar energy industry’s main trade bodies) puts the figure at 80%"
He sees the price of solar created power dropping. "If you go back 50 years it used to cost about $500 per KWh. In China it is already down to 20 cents, " he said.
English.News.cn reported that he said, "I want to focus on the solar power industry continuously into the future since the industry is large and emerging. I am sure solar power will be one of the leading future technologies. "