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Conergy Installing Solar at Cost of Conventional Electricity in Spain
Conergy Installing Solar at Cost of Conventional Electricity in Spain
This is good as it is becoming economic within the free market!
Conergy Installing Solar at Cost of Conventional Electricity in Spain
Germanys Conergy, a vertically integrated PV manufacturer and developer, is now installing PV systems in Spain that are producing electricity at grid-competitive rates without subsidies. The company said its now hit the 1 megawatt mark of such projects. Spain has joined a growing number of countries where solar is becoming as cheap as other electric sources on the grid without subsidies, among them South Africa and Brazil.
The company installed its first grid-parity project in Spain at organic restaurant Lasal del Varador on Barcelonas beach front in fall 2012. Since then, the company said its installed 56 such projects in Spain, totaling roughly 1 megawatt of PV-parity power. The parity projects are part of Conergys Start it! campaign, under which the company said its has developed business models for grid-parity markets in Australia, South Africa and the US.
This is good as it is becoming economic within the free market!
