Solar photovoltaic competing in the energy sector

Solar photovoltaic competing in the energy sector — on the road to competitiveness. European Photovoltaic Industry Association, September 2011, 36 p.

Solar photovoltaic technology has proven in recent years that, with the appropriate regulatory framework in place, it can be a major contributor to reaching the EU’s target of 20% renewable energy sources (RES) by 2020. Technology improvements and economies of scale have spurred steady cost reduction, which will continue in coming years as the PV industry progresses toward competitiveness with conventional energy sources. But already today, PV electricity is cheaper than many people think. In the coming years the technology will become even more cost-effective and competitive — and qualify therefore as a vital part of Europe’s energy future. Under the right policy and market conditions, PV competitiveness with grid electricity can be achieved in some markets as early as 2013, and then spread across the continent in the different market segments by 2020. To study these trends and consider the conditions under which PV will reach full competitiveness, EPIA has conducted an extensive analysis of 5 markets (France, Germany, Italy, Spain and the United Kingdom)…

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