Today, solar power has become cheaper than the production cost of any other existing conventional power generation technology. The arrival of grid parity heralds a milestone in the history of energy production. It means solar energy being commercially viable without any subsidies or state support; producing energy with the lowest possible environmental impact.
Journeys towards grid parity are many and varied around the world – it is a journey some countries have already completed, while others are now on the way.
Once realised, however, it will accelerate the development of renewable energy, reduce carbon emissions and increase the world’s capacity for clean energy.
In BayWa r.e.’s new white paper, Grid parity and the solar renaissance, Dr. Benedikt Ortmann, Managing Director, BayWa r.e. Solar Projects GmbH, explains what grid parity means to him, where it’s happened and where it’s going next.
- From concept to reality
- Drivers for change
- Long-term security
- Lifetime factors
- Don Rodrigo – Europe’s first and largest subsidy free solar plant
- Energy transformation on the move
- Grid parity and the future