Unsubsidized solar energy reaches grid parity in India and Italy

Solar Report Stunner: Unsubsidized ‘Grid Parity Has Been Reached In...

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.\“Grid parity has been reached in India even despite the high cost of capital of around 10-12 percent,”...

Meanwhile, on the international scene, the cost of manufacturing solar panels in China is expected to drop to an all-new low of 42 cents per watt in 2015, and power generated from solar is predicted to undercut that produced by both coal and most forms of natural gas within a decade. [emphasis mine]