Sharp expects solar power costs to halve by 2010

Japan’s Sharp Corp., the world’s biggest maker of solar cells, expects the cost of generating solar power to halve by 2010 and to be comparable with that of nuclear power by 2030, Sharp’s president said.

“By the year 2010 we’ll be able to halve generation costs,” Katsuhiko Machida said on Thursday.

“By 2020 we expect a further reduction – half of 2010 – and by 2030 we expect half the 2020 level.