Solar is now cheapest form of new electricity in a host of international markets, driven by cost reductions and growth of bifaciality, large-area solar modules and trackers.
Trina Solar has provided 86MW of PV modules to the Torre Antonacci project, the biggest solar farm in Italy that is operating without government subsidies or incentives of any kind.
Paper by Finland’s LUT and others latest to predict bright future for hybrids, amid claims that today’s grid parity in Spain and Italy will extend to Germany and Finland by 2025.
C&I systems can already hit grid parity without need for government money across all major urban centres but profitability is mixed on a region-by-region basis, researchers say.
Firm says clean energies will catch up with fossil fuels by 2027 and race ahead by 2030, with Indian solar already cheaper and Aussie solar set to follow next year.
Wood Mackenzie: Continent will grow to install annual 20GW within three years but shift to auctions and merchant exposure will see profitability come under pressure.
