PV industry looks to new European markets

The photovoltaics (PV) industry may be swept up in a period of economic and political transition, but aside from short-term speed bumps it is positioned to continue notching massive expansion between now and 2020, according to a new report published by Swiss bank Sarasin.

The PV industry has reached an interesting phase in its development, with many global subsidy programmes being pared back at the same time as technological advances finally push solar power to the brink of grid parity.

“The solar industry’s overriding goal of generating energy at competitive prices – without any form of state subsidy – now seems within reach. This would signal the achievement of grid parity, and allow demand to grow to unprecedented levels,” the report said.

The current economic storm will undoubtedly enact a toll on PV growth, but the industry…

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