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Solar energy now same price as conventional power in Germany, Italy, Spain - report

Published time: March 25, 2014 09:49
Edited time: March 26, 2014 12:07
Workers install 320 square metres of solar panels on the roof of a farmstead barn in Binsham near Landshut, Germany (Reuters/Michaela Rehle)

Workers install 320 square metres of solar panels on the roof of a farmstead barn in Binsham near Landshut, Germany (Reuters/Michaela Rehle)

Solar energy now costs the same as conventionally generated electricity in Germany, Italy and Spain, a report has revealed. The research has warned, however, that high installation costs are impeding other countries from achieving grid parity.

An analysis by consulting firm Eclareon, carried out on behalf of an international group of sustainable energy interests has revealed the extent to which solar energy has integrated into the energy market. Gone are the days when electricity produced through solar panels cost significantly more that conventionally-generated power, as Italy, Spain and Germany have reached energy parity.

However, the study’s analysts said that poor regulation in Spain could hinder further progress. Madrid recently introduced regulations that make it illegal for people to consume the electricity they produce through their own solar panels.

“In countries such as Italy and Germany, both at grid parity and with proper regulation, PV systems (photovoltaic system) for self-consumption represent a viable, cost-effective, and sustainable power generation alternative,” said David Pérez, partner at Eclareon in charge of the study.

As part of the study, researchers looked at a standard 30 kilowatt solar power system and assessed its “leveled cost of energy” (LCOE). The LCOE accounts for all of the factors that contribute to the overall cost of electricity, such as: installation, maintenance, depreciation and investment.

Eclareon looked at the LCOE of solar energy in Brazil, Chile, France, Germany, Italy, Mexico and Spain. It found that across the board the LCOE had dropped over the last few years, although less dramatically in countries with a well-established solar infrastructure like Italy, Germany and Spain. Progress in Brazil, Chile and Mexico is still impeded by high installation costs.

Germany has blazed the trail for green energy in Europe after deciding to decommission all of its nuclear power plants, following the Fukushima nuclear catastrophe in Japan 2011. Back in 2012 Germany’s solar power plants produced a record 22 gigawatts of power, meeting around 50 percent of the nation’s power quota.

"Never before anywhere has a country produced as much photovoltaic electricity. Germany came close to the 20 gigawatt (GW) mark a few times in recent weeks. But this was the first time we made it over,"
Norbert Allnoch told Reuters news agency.

The German government has come in the firing line for abandoning nuclear energy because it has had to open more coal plants to compensate for the energy shortfall. At present, energy generated from renewable sources accounts for about 25 percent of the German power grid, up from 7 percent in 2000. The German government has plans to increase this figure to 40-45 percent by the year 2025.

Comments (32)

 

Kevin Schmidt 14.06.2014 17:09

A. Smith 27.03.2014 06:29

The Zionist corrupted Obama Whitehouse on behalf of their MoneyChanger masters hit China with huge tariff fees on their new powerful Solar Panels

It seems Obama like the Bush family is in lock step in oppressing the USA citizens under the guise of 'being good for America'.

I mpeach Obama NOW

  


You stupidly confuse Zionists with the fossil fuel and nuclear industries.

Why won't the Republican House impeach Obama NOW? How irresponsible of them!

Impea ch House Republicans NOW!

 

Kevin Schmidt 14.06.2014 17:06

Solar and wind are already cheaper than both nuclear and coal, but fraudulent accounting makes it look like it is the reverse. Nuclear and fossil fuel industries receive massive amounts of corporate welfare and unfair tax breaks. Plus, they never have to pay for the life shortening, planet destroying pollution they create. If they did, they would quickly go bankrupt.

 

Jim Stack 28.03.2014 03:33

Our home makes more than we use, we are 110% Solar, run our Electric car and sell 10% to the utiltiy to help them. We only have a 4 Kw system since I made our older home very efficient. It really pays and no otehr fuels, no LEAD acid batteries. It helps to be in Phoenix with 40% more Sun than Germany.

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