NewEnergyNews: SOLAR IS NOW PRICE COMPETITIVE IN GERMANY, ITALY

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    Friday, May 16, 2014

    SOLAR IS NOW PRICE COMPETITIVE IN GERMANY, ITALY

    Solar Power Is Now Just As Cheap As Conventional Electricity In Italy And Germany

    Jeff Spross, March 24, 2014 (Climate Progress)

    “Once all its costs are accounted for, the price of commercial solar power has pulled even with retail electricity rates in Italy and Germany, according to PV Grid Parity Monitor; Commercial Sector…It looked at a standard 30 kilowatt solar photovoltaic system for your average commercial building, and then built a methodology to assess its ‘leveled cost of energy’ (LCOE) in seven different countries: Brazil, Chile, France, Germany, Italy, Mexico and Spain…The LCOE of any source of power — solar, natural gas, coal, wind, etc — accounts for everything that goes into determining that electricity’s cost: installation, maintenance, investment, the electricity itself, depreciation, and so forth…[S]olar’s LCOE in Italy and Germany is…even with retail electricity prices in general in those countries. Spain’s already gotten there as well, and Mexico and France are coming up…Solar’s LCOE actually dropped significantly from 2012 to 213 in every country but Germany — between 20 and 25 percent. Even Germany saw a drop of just over 10 percent…” click here for more

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