Report: Commercial solar hits grid parity in Spain, Germany and Italy

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Solar PV has reached grid parity in Spain, Germany and Italy according to a new report by the consultancy Eclareon.

According to its annual Photovoltaic Grid Parity Monitor(GPM), the levelised cost of energy (LCOE) for self-consumed commercial solar was competitive with retail electricity prices.

The study, sponsored by SunEdison, BayWa and Spanish renewable electricity provider Gesternova, looked at seven markets: Brazil, Chile, France, Germany, Italy, Mexico and Spain.

It found that of the European countries studied, all but France were now able to offer PV at prices that compete with the grid.

Higher solar irradiance compensates for the lower cost of retail electricity in these markets.

Latin American countries still have high PV install costs according to the report but policy support could help to overcome this and the falling cost of power that delays the achievement of parity.

“In countries such as Brazil and Mexico, self-consumption is being encouraged by an effective regulatory mechanism, which allows prosumers to feed their excess generation into the grid for later consumption,” said David Pérez, partner of Eclareon in charge of the study.

“In countries such as Italy and Germany, both at grid parity and with proper regulation, PV systems for self-consumption represent a viable, cost-effective, and sustainable power generation alternative,” said Pérez.

The study’s results match closely with those of the European Photovoltaics Industry Association (EPIA) and the PV Parity Project, which found that Spain, Germany, Portugal and Italy would hit grid parity for commercial solar first.

Spain and Italy have both retroactively cut support for renewables and enforced charges on self-consumption. Germany is currently looking to establish a charge on self-consumption.

Read Next

Premium
March 2, 2021
With three years of financial and business data available, we can start to analyse a number of possible trends, one of these is the changing landscape surrounding Sunnova's supplier base for PV modules, inverters and energy storage.
March 2, 2021
Spain should limit the size of new solar parks to encourage the deployment of smaller projects located closer to consumers, the country’s National Association of Photovoltaic Energy Producers (ANPIER) has said.
March 2, 2021
Israeli robotic solar panel cleaning business Ecoppia is laying the ground for global expansion and expanding on its data capabilities following its recent initial public offering (IPO).
March 2, 2021
‘Solar Module Super League’ (SMSL) member Trina Solar is to establish a 10GW large-area, high-efficiency PV module assembly plant at the Yancheng Economic and Technological Development Zone, north of Shanghai.
March 2, 2021
Major China-based polysilicon producer Daqo New Energy has signed a three-year high-purity polysilicon supply agreement with Zhonghuan Semiconductor (TZS), totalling 41,000MT.
March 2, 2021
A round-up of solar news from across the United States, including updates from EDF Renewables, utility group Exelon and UK-based investor SDLC.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
May 11, 2021