Solar As Cheap As Fossil Fuel Power in India, Italy – Report

Recently released Deutsche Bank analyses conclude that the global solar market will become sustainable by the end of 2014, not needing subsidies, reports Jeff Spross at Climate Progress. India, already has solar suppliers competitive with standard electric power providers.  This sunny country, where standard electricity sources are relatively expensive, has a national solar power incentives program. Rooftop solar generation in parts of Italy is also making solar as cheap as standard electricity sources there. Meanwhile, on the international scene, the cost of manufacturing solar panels in China is expected to drop to an all-new low of 42 cents per watt in 2015, and power generated from solar is predicted to undercut that produced by both coal and most forms of natural gas within a decade.  US solar favorable legislation is expected in 2013 to add to a global picture of rising global demand.  US solar power installations boomed over the course of 2011 and 2012, even as the price of solar power systems continued to plunge. To a large extent, the American solar boom has been driven by third party leasing agreements — which are heavily involved in rooftop installation.

Join the swelling numbers of voters TELLING Congress they’ll vote for Clean Energy candidates here: http://signon.org/sign/we-are-the-clean-99?source=c.em.cp&r_by=487176 . This is an ongoing campaign (the next Congressional election is in 2 years!) so please, spread the word. It’s our way of telling Congress that a strong clean energy voting bloc is out there. This is how YOU can make a difference.

Source

http://thinkprogress.org/climate/2013/03/03/1664481/solar-report-stunner-unsubsidized-grid-parity-has-been-reached-in-india-italy-with-more-countries-coming-in-2014/

See also: http://www.greentechmedia.com/articles/read/A-Tale-of-Two-Markets-How-National-and-State-Incentive-Are-Spurring-Solar-/

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About melharte

Mel (Mary Ellen) Harte is a biologist (PhD) and climate change educator. She co-authored the free online book, COOL THE EARTH, SAVE THE ECONOMY, available at www.CoolTheEarth.US, and writes the CLIMATE CHANGE THIS WEEK column at the HuffingtonPost. Living summers in the alpine Rockies, she is on the frontlines of watching what climate change can do. Her diagnostic digital photographs of wildflowers have appeared in numerous publications.
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