NewEnergyNews: SOLAR PRICE MATCHES OLD ENERGY COSTS IN MANY COUNTRIES

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    Thursday, March 27, 2014

    SOLAR PRICE MATCHES OLD ENERGY COSTS IN MANY COUNTRIES

    Solar energy now same price as conventional power in Germany, Italy, Spain – report

    March 25, 2014 (RT)

    "Solar energy now costs the same as conventionally generated electricity in Germany, Italy and Spain…[but] high installation costs are impeding other countries from achieving grid parity [according to an Eclareon analysis]…Gone are the days when electricity produced through solar panels cost significantly more that conventionally-generated power, as Italy, Spain and Germany have reached energy parity…[R]esearchers looked at a standard 30 kilowatt solar power system and assessed its ‘leveled cost of energy’ (LCOE). The LCOE accounts for all of the factors that contribute to the overall cost of electricity, such as: installation, maintenance, depreciation and investment…[I]n Brazil, Chile, France, Germany, Italy, Mexico and Spain…the LCOE had dropped over the last few years, although less dramatically in countries with a well-established solar infrastructure like Italy, Germany and Spain. Progress in Brazil, Chile and Mexico is still impeded by high installation costs…” click here for more

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