Grid parity for solar PV is already here in 105 countries
I have already noted quite a few times in the past month that grid parity is slowly but surely approaching. What if it were already the case ? To the Applied Materials blog and REneweconomy it is already here in over a hundred countries.
Yes, solar photovoltaic installed on rooftops is now cheaper than electricity from the grid in over a hundred countries, including most of Asia – including India and China – Europe as well as most Latin American and African countries.
And this could only the beginning as the costs of solar PV panels are due to halve by 2020. Needless to say, this is a real revolution that is taking place. Prepare yourself to see solar panels sprouting on roofs near you…