It's looking like 2019 will be a big year for subsidy-free or grid parity solar. Initially Spain, Portugal and Italy will be paving the way with their favourable irradiation levels with the UK not far behind. Much has been discussed over the last couple of years about subsidy-free solar but we're now at a tipping point where these systems are going live. Typically over 50MW in size, taking advantages of economies of scale, these projects will provide a timely boost to the European solar industry. Reductions in module and component prices and an increase in willingness of investors and corporates to back long-term PPAs are crucial to the viability of subsidy-free solar as outlined in this article. The article also predicts that grid parity is realistic in all European Countries other than Scandinavia by 2021. What a great start to the new year.
Solar is now moving towards the next stage of its development, namely grid parity. The current trajectory of module prices and the different market scenarios will dictate the speed at which grid parity is moving further north.