Is grid parity just around the corner?
Levelized cost of energy: Shalom Goffri, Associate Director at Navigant Consulting, believes that PV prices are still too high to achieve grid parity without incentives. However, he says that with new, sustainable markets, it could be as little as five years before grid parity without incentives is reached.
Over the past year, prices for photovoltaic systems have declined significantly – largely the result of overcapacity throughout the value chain. In addition, capital has been easier to secure as an increased number of financing providers become familiar with PV investments and the related risks. As a result, the levelized cost of energy (LCOE) generated …
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