European markets begin to achieve PV grid parity

PV Parity: New Press Release
The PV Parity Project – a consortium made up of various European energy authorities, companies and institutions – reports that PV has begun to achieve grid parity with residential electricity tariffs in Germany, Southern Italy, the Netherlands and Spain. Northern Italy, Portugal and Austria will follow within the next two years, according to the consortium. The PV Parity Project concludes that by the end of the decade, grid parity could be achieved in all 11 countries targeted by the consortium: this includes Belgium, the Czech Republic, France, Greece and the UK. Last week, the International Renewable Energy Agency (IRENA) reported that PV would soon reach grid parity with residential electricity tariffs in many markets around the world due to rapidly declining PV costs.