Published on May 26th, 2013 | by Giles Parkinson15
Solar Grid Parity In 102 Countries (Map)
May 26th, 2013 by Giles Parkinson
Here’s an interesting graph used by Suntech’s Stuart Wenham (sourced from Applied Materials) during a presentation at the Solar 2013 conference in Melbourne on Thursday. It highlights the extent of “grid parity” for solar PV across the world – it is now in 102 countries.
This definition of “grid parity” is the cost of rooftop solar versus the cost of electricity sourced from the grid – this is sometimes known as “socket parity.” Most of the countries – though not all – are those with good solar resources and relatively high electricity prices. Australia reached “socket parity” several years ago.
Wenham says that solar PV will fall a further 50% in costs up to 2020 – see our story today. He says that solar PV at a utility level will also challenge fossil fuels – as it already does in those with high gas and diesel costs, and will offer the cheapest avenue to countries which have little electricity infrastructure.
Check out our new 93-page EV report.
Join us for an upcoming Cleantech Revolution Tour conference!
Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter.