26 Mar '14, 2pm

Report: Commercial solar hits grid parity in Spain, Germany and Italy

The commercial solar power is now cost-competitive in Spain, according to the Eclareon report. Imminent policy changes there could derail that. Source: Conergy. Solar PV has reached grid parity in Spain, Germany and Italy according to a new report by the consultancy Eclareon . According to its annual Photovoltaic Grid Parity Monitor(GPM), the levelised cost of energy (LCOE) for self-consumed commercial solar was competitive with retail electricity prices. The study, sponsored by SunEdison, BayWa and Spanish renewable electricity provider Gesternova, looked at seven markets: Brazil, Chile, France, Germany, Italy, Mexico and Spain. It found that of the European countries studied, all but France were now able to offer PV at prices that compete with the grid. Higher solar irradiance compensates for the lower cost of retail electricity in these markets. Latin American countries...

Full article: http://www.pv-tech.org/news/report_commercial_solar_hits_...

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