The true competitiveness of Solar PV

The true competitiveness of Solar PV

Photovoltaics (PV) is poised to become the cheapest form of electricity production in most European countries during the coming years. It has already reached a cost level that makes it competitive in several market segments in several European countries. The acceleration of module price decrease in the second half of 2016 has been considered in this report. The cost of generating electricity from PV or “Levelised Cost of Electricity” (LCOE) has already reached parity with retail electricity prices in many European market segments, residential, commercial or industrial all over Europe. However, the notion of competitiveness for PV installations and especially the concept of “grid parity” is not always well defined.

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