Solar Report Stunner: Unsubsidized ‘Grid Parity Has Been Reached In India’, Italy–With More
Countries Coming in 2014
Deutsche bank says demand expected in subsidised markets such as Japan and the UK, including Northern Ireland, is expected to be strong, the US is likely to introduce favourable legislation, including giving solar installations the same status as real estate investment trusts, strong pipelines in Africa and the Middle east, and unexpectedly strong demand in countries such as Mexico and Caribbean nations means that its forecasts for the year are likely to rise.
As Renew Economy also points out, this is the third report in the past month anticipating a bright future for the global solar market: UBS released a report that concluded an “unsubsidized solar revolution” was in the works, “Thanks to significant cost reductions and rising retail tariffs, households and commercial users are set to install solar systems to reduce electricity bills – without any subsidies.” And Macquarie Group argued that costs for rooftop solar in Germany have fallen so far that even with subsidy cuts “solar installations could continue at a torrid pace.”
Here in America, solar power installations boomed over the course of 2011 and 2012, even as the price of solar power systems continued to plunge. To a large extent, the American solar boom has been driven by third party leasing agreements — which are heavily involved in rooftop installation.
Meanwhile, on the international scene, the cost of manufacturing solar panels in China is expected to drop to an all-new low of 42 cents per watt in 2015, and power generated from solar is predicted to undercut that produced by both coal and most forms of natural gas within a decade.
http://thinkprogress.org/climate/2013/03/03/1664481/solar-report-stunner-unsubsidized-grid-parity-has-been-reached-in-india-italy-with-more-countries-coming-in-2014/
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