Solar Power Cheaper Than Coal Foreseen By German Solar CEO

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2. Deutsche sees “sustainable” global solar market in 2014

http://reneweconomy.com.au/2013/deutsche-sees-sustainable-global-solar-market-in-2014-2014

[font face=Serif][font size=5]Deutsche sees “sustainable” global solar market in 2014[/font]

By Giles Parkinson on 25 February 2013

[font size=3]Analysts at Deutsche Bank have predicted that the global solar PV sector will transition from a subsidised market to a sustainable market within a year, citing the arrival of “grid parity” in a number of key markets, unexpectedly strong demand and rebounding margins.

The Deutsche Bank team said key markets such as India, China and the US are experiencing strong demand and solar projects are now being developed with minimal or no incentives.

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“Grid parity has been reached in India even despite the high cost of capital of around 10-12 per cent,” Deutsche Bank notes, and also despite a slight rise in module prices of 3c-5c/kW in recent months(good for manufacturers).

Italy is another country that appears to be at grid parity, where several developers are under advanced discussions to develop unsubsidized projects in Southern Italy. Deutsche Bank says that for small commercial enterprises that can achieve 50 per cent or more self consumption, solar is competitive with grid electricity in most parts of Italy, and commercial businesses in Germany that have the load profile to achieve up to 90 per cent self consumption are also finding solar as an attractive source of power generation.

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