• 4 minutes Mueller Report Brings Into Focus Obama's Attempted Coup Against Trump
  • 7 minutes Countries with the most oil and where they're selling it
  • 10 minutes Stack gas analyzers
  • 13 minutes What Would Happen If the World Ran Out of Crude Oil?
  • 23 mins US Military Spend at least $81 Billion Protecting OPEC Persian Gulf Oil Shipping Lanes (16% DoD Budget)
  • 15 mins Climate Change Protests
  • 3 mins U.S. Refiners Planning Major Plant Overhauls In Second Quarter
  • 15 hours Oil at $40
  • 8 mins "Undeniable" Shale Slowdown?
  • 12 hours Mueller Report Brings Into Focus Trump's Attempts to Interfere in the Special Counsel Investigation
  • 18 hours Trudeau Faces a New Foe as Conservatives Retake Power in Alberta
  • 8 hours Ecoside
  • 7 hours Japan’s Deflation Mindset Could Be Contagious
  • 17 hours Gas Flaring
  • 17 hours Negative Gas Prices in the Permian
  • 22 hours Not Just Nuke: Cheap Solar Panels Power Consumer Appliance Boom In North Korea
  • 21 hours Haaretz article series _ Saudi Arabia: A Kingdom in Turmoil | Part 1 - Oil Empire
Jess McCabe

Jess McCabe

Jess is a writer for Environmental Finance.Environmental Finance is the leading global publication covering the ever-increasing impact of environmental issues on the lending, insurance, investment…

More Info

Trending Discussions

Solar Energy to be Grid Competitive in Europe by 2013

Solar photovoltaic (PV) power generation will be grid competitive in parts of Europe as early as 2013, and across key European markets by the end of the decade, according to an industry association report – making the technology more attractive to investors.

The European Photovoltaic Industry Association (EPIA) report predicts that Italy will be the first country in which the renewable energy technology will become competitive with fossil fuels. It assessed France, the UK, Germany, Italy and Spain.

EPIA president Ingmar Wilhelm said that PV is already “cheaper than people think” and is set to get cheaper. The cost of modules will go down about 50% by 2020, he added, because of economies of scale and improvements in technology – although the report also predicts a rise in the cost of traditional power sources such as coal and gas over the same period.

Commercial electricity buyers in Italy could find solar PV achieves “dynamic grid parity” in 2013, the report predicts – meaning the point at which the value of long-term electricity revenues from a PV installation equals the long-term cost of buying traditionally produced and supplied power from the grid. All installations in all countries will reach dynamic grid parity by 2020, the EPIA says.

The second measure of competitiveness, “generation value competiveness”, will take slightly longer to achieve, the report claims. This refers to the point in a specific country where building PV is just as attractive to investors as building coal or gas plants – Italy’s ground-mounted sector will be first past the post.

Under the report’s predictions, the PV sector will rely less on feed-in tariffs and direct government subsidies in the coming years. However, if the sector is to achieve grid parity, EPIA warns, governments will still need to commit to “regulatory frameworks that support development of the technology and removal of market distortions”.

By. Jess McCabe

Source: Environmental-Finance




Download The Free Oilprice App Today

Back to homepage

Trending Discussions


Leave a comment
  • Anonymous on September 09 2011 said:
    There is no question at all that solar is cheaper than people think, but not everywhere. The same can probably be said for wind. Every intelligent observer knows that the optimal energy structure will contain renewables and alternatives, in addition to nuclear. Ignorant observers think that renewables and alternatives can do it all, which it can, but not in a (cost-benefit) way that pleases intelligent voters.

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News