30 Jul '15, 8am

Large Scale Solar Near Parity In World’s Three Biggest Markets

Large Scale Solar Near Parity In World’s Three Biggest Markets

SunPower also pointed to the modular nature of large scale solar farms, which cut costs, particularly expensive labor costs, and improved efficiencies in solar modules. The US is not the only market approaching wholesale price parity for solar. A recent report from Deutsche Bank indicated that India was about to reach the same level, an assessment reinforced by the local offshoot of Fitch Ratings. Deutsche believes that investment in large scale solar will outstrip that of coal generators within a few years. China also set huge solar targets. SunCorp said this is being driven by the economics of solar and the need to improve air quality. Deutsche Bank expects China to lift its 100GW solar target for 2020. It expects around 120GW to be installed. Solar PV is already beating new build fossil fuels in emerging markets such as Chile, Africa and the Middle East. But the fact th...

Full article: http://cleantechnica.com/2015/07/30/large-scale-solar-nea...

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