Featured in European Solar's new dawn – 06-2021

Europe’s back in business

Spain, the Czech Republic, Italy, and then Germany: the PV markets of Europe were instrumental in delivering the demand required to build a solar industry of any scale and to set the industrial wheels in motion toward dramatic cost reductions. And today, as European markets set a course for substantial and sustained growth, solar modules cost just 5% of what they did some 12 years ago.

By

Jonathan Gifford

07 Jun 2021

Image: pv magazine

With the cost hurdle largely overcome, now comes a fresh set of challenges. Grid capacity constraints, wholesale market barriers (pp. 104-106), solar’s electricity price cannibalization and achieving deep decarbonization of the economy are all non-trivial. But as with the technical challenges, incremental improvements and the overwhelming momentum of scale, this new set of obstacles to …

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