SOLAR+STORAGE COSTS LESS THAN GRID ELECTRICITY IN SIX EUROPEAN CITIES

" Solar plus storage is already cost-competitive across much of southern and northern Europe, and will hit grid parity across the continent by 2025, according to a new study conducted by a solar photovoltaic researcher with support from industry.


The paper by Christian Breyer, professor of solar economy at Finland’s Lappeenranta University of Technology, looked at six cities across the continent and found that solar costs fell below the average hourly price of grid electricity (the “spot price”, in industry parlance) in 2018. The solar cost calculation was based on the “levelized cost of energy” (LCOE), a calculation that allows analysts to compare the lifetime cost of different electricity generation options."


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