Solar Report Stunner: Unsubsidized ‘Grid Parity In India’ w/Italy & More Countries Coming in 2014

[kristopher]

Unsubsidized ‘Grid Parity Has Been Reached In India’, Italy–With More Countries Coming in 2014
By Jeff Spross on Mar 3, 2013 at 6:20 pm

Deutsche Bank just released new analyses concluding that global solar market will become sustainable on its own terms by the end of 2014, no longer needing subsidies to continue performing.

The German-based bank said that rooftop solar is looking especially robust, and sees strong demand in solar markets in India, China, Britain, Germany, India, and the United States. As a result, Deutsche Bank actually increased its forecast for solar demand in 2013 to 30 gigawatts — a 20 percent increase over 2012.

Here’s Renew Economy with a summary of Deutsche Banks’s logic:

The key for Deutsche is the emergence of unsubsidised markets in many key countries. It points, for instance, to India, where despite delays in the national solar program, huge demand for state based schemes has produced very competitive tenders, in the [12 cents per kilowatt hour] range. Given the country’s high solar radiation profile and high electricity prices paid by industrial customers, it says several conglomerates are considering large scale implementation of solar for self consumption.
“Grid parity has been reached in India even despite the high cost of capital of around 10-12 percent,” Deutsche Bank notes, and also despite a slight rise in module prices of [3 to 5 cents per kilowatt] in recent months (good for manufacturers).

Italy is another country that appears to be at grid parity,

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/

[msongs]

1. the US is plagued by leadership with no vision and corporations who strangle good possibilities nt

[quadrature]

2. electricity costs ??? in India?

nt

[kristopher]

3. That's a good question. nt