Solar PV Achieves Unsubsidized Grid Parity In India, Other Nations By 2014

Deutsche Bank study finds that by the end of 2014, subsidies will no longer be needed in India, China, Britain, Germany, and the United States.

Published: 05-Mar-2013

Deutsche Bank just released new analyses concluding that global solar market will become sustainable on its own terms by the end of 2014, no longer needing subsidies to continue performing.

The German-based bank said that rooftop solar is looking especially robust, and sees strong demand in solar markets in India, China, Britain, Germany, India, and the United States. As a result, Deutsche Bank actually increased its forecast for solar demand in 2013 to 30 gigawatts — a 20 percent increase over 2012.

Here’s Renew Economy with a summary of Deutsche Banks’s logic:


Erik Koeph with solar hydrogen reactor.

The device uses thermal energy from concentrated sunlight and a catalyst, in this case zinc oxide, to split hydrogen from water for gaseous fuel.

Solar Impulse is powered by 12,000 solar cells and has wingspan of an Airbus A340 jetliner.

Flight between Europe and North Africa will take 48-hours and cover 2,500 km.

Solar Impulse airborne on flight to Madrid.

Solar-powered Solar Impulse will fly from Madrid to Rabat, Morocco once weather improves.


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