27 October 2010

Solar Generation 2010 Report Calls for "Grid Parity" by 2015

Solar PV to have its day in the sun?
Solar photovoltaic (PV) could account for 5 percent of global power demand by 2020, and up to 9 percent by 2030, according to a global solar photovoltaic outlook by the European Photovoltaic Industry Association (EPIA) and Greenpeace International.

"The 'Solar Generation 2010' report also projects investments in solar photovoltaic (PV) to double from 35 billion euros today to 70 billion euros in 2015. At the same time, costs for PV systems are expected to almost halve (-40 percent).

"As a result, PV systems will be able to compete with current electricity costs for households in most industrialized countries. This so-called 'grid parity' will change the PV market significantly."

You can download the report's executive summary here: Solar Generation 2010 (PDF)

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