Europe’s sunny path to grid parity
Unsubsidized PV: The vast solar resources of mature solar markets such as Spain and Italy may not be enough to ensure the viability of big PV projects conceived for the spot market of the private power purchase agreement (PPA) sector, because diversified portfolios and sophisticated financial models are key for their bankability. European solar association SolarPower Europe has already identified several different business models, but the standardization of these models and the contracts for the supply of power are poised to increase as more volume is deployed.
A surprisingly large number of unsubsidized or “grid parity” solar projects have been announced in the Iberian Peninsula and Italy over the past 12 months. Regardless of what we can exactly define as “grid parity,” it is a fact that numerous utility-scale solar projects are being realized or even finalized in Southwestern Europe free from …
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