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.
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