June 24, 2013 - Intense global competition and a potential crisis of over-supply among producers have forced the solar industry to improvise at many levels to keep it stable and develop new growth opportunities, according to Germany Trade & Invest, a foreign trade and inward investment promotion agency.
Germany achieved grid parity in 2011 with levelized cost of energy of newly installed systems below retail electricity prices for private households, according to Germany Trade & Invest. International market opportunities for PV-storage solutions are growing rapidly, as PV grid parity has also been reached in some countries in recent years. By 2020, PV installations for private consumption could reach more than 350 GWp and constitute more than half of the globally-installed capacity, according to a McKinsey study. read more>>>