Grid Parity: A Foggy Signal for Solar Maturity
GigaOM Pro » Cleantech 2014-02-10
Summary:
The concept of grid parity is the following: the point at which the cost of producing electricity from an energy source is less than or equal to the price of purchasing power from the grid. In theory, when solar energy reaches grid parity it will be cost-competitive with conventional fuels, making it viable for widespread