Skip to main content

Deutsche Bank just released new report concluding that global solar market will become sustainable on its own terms by the end of 2014.   Deutsche Bank forecasts a global solar market transition from subsidized to sustainable in 2014.

This stunning revelation comes with their assessment of grid parity in India and Italy.

Rooftop installations are, in particular, expected to be a main focus, says Deutsche Bank. A trend for projects being planned with either "minimal/no incentives" has also been observed, despite the belief that solar policy outlooks are improving, particularly in the U.S., China and India, and "other emerging markets".

Looking at India, Deutsche Bank predicts that due to state and RPO programs, demand is likely to be strong, at between 1 to 2 GW. Meanwhile, it says, "grid parity has been reached in India even despite the high cost of capital of ~10-12%."

With system prices between €1,500 to €2,000/kW, net metering for systems below 200 kW and "advanced" plans for unsubsidized projects in the south of the country, Italy also "appears to be at grid parity". "Assuming small commercial enterprises are able to achieve 50% or more self consumption, solar is competitive with grid electricity in most parts of Italy," says Deutsche Bank.

With robust demand in the U.S., Deutsche Bank forecasts a residential solar market of around 1 GW and a commercial market of between 1.5 to 2 GW.

Here in US, ground central for climate denialism and obstruction, it's easy to be discouraged about progress.  But looks like the rest of world is moving ahead and dragging the US kicking and screaming along.

Originally posted to beach babe in fl on Mon Mar 04, 2013 at 09:13 AM PST.

Also republished by Kosowatt.

Your Email has been sent.
You must add at least one tag to this diary before publishing it.

Add keywords that describe this diary. Separate multiple keywords with commas.
Tagging tips - Search For Tags - Browse For Tags


More Tagging tips:

A tag is a way to search for this diary. If someone is searching for "Barack Obama," is this a diary they'd be trying to find?

Use a person's full name, without any title. Senator Obama may become President Obama, and Michelle Obama might run for office.

If your diary covers an election or elected official, use election tags, which are generally the state abbreviation followed by the office. CA-01 is the first district House seat. CA-Sen covers both senate races. NY-GOV covers the New York governor's race.

Tags do not compound: that is, "education reform" is a completely different tag from "education". A tag like "reform" alone is probably not meaningful.

Consider if one or more of these tags fits your diary: Civil Rights, Community, Congress, Culture, Economy, Education, Elections, Energy, Environment, Health Care, International, Labor, Law, Media, Meta, National Security, Science, Transportation, or White House. If your diary is specific to a state, consider adding the state (California, Texas, etc). Keep in mind, though, that there are many wonderful and important diaries that don't fit in any of these tags. Don't worry if yours doesn't.

You can add a private note to this diary when hotlisting it:
Are you sure you want to remove this diary from your hotlist?
Are you sure you want to remove your recommendation? You can only recommend a diary once, so you will not be able to re-recommend it afterwards.
Rescue this diary, and add a note:
Are you sure you want to remove this diary from Rescue?
Choose where to republish this diary. The diary will be added to the queue for that group. Publish it from the queue to make it appear.

You must be a member of a group to use this feature.

Add a quick update to your diary without changing the diary itself:
Are you sure you want to remove this diary?
(The diary will be removed from the site and returned to your drafts for further editing.)
(The diary will be removed.)
Are you sure you want to save these changes to the published diary?

Comment Preferences

Meteor Blades, Pat K California, Thumb, JekyllnHyde, Alumbrados, paradox, Ed in Montana, DeminNewJ, dwellscho, RF, Radiowalla, Odysseus, ferg, raatz, Trendar, glitterscale, Liberal Thinking, kaleidescope, alisonk, Gooserock, alkatt, wytcld, bosdcla14, Emerson, Shockwave, mrhelper, Andrew C White, tacet, cotterperson, hyperstation, LynnS, eeff, Mnemosyne, willyr, xynz, Bob Friend, jancw, hubcap, Babsnc, afox, sponson, litho, whenwego, mkfarkus, chimpy, roses, Frederick Clarkson, corncam, Bill Roberts, fumie, splashy, Cedwyn, wader, Eric Blair, pat bunny, Boppy, johanus, i dont get it, yet another liberal, Chirons apprentice, defluxion10, Mi Corazon, lcrp, riverlover, kismet, dkmich, AllisonInSeattle, ybruti, Sembtex, mungley, WisVoter, tomjones, JayDean, Mosquito Pilot, Steven D, jcrit, oortdust, Gowrie Gal, rapala, Skennet Boch, ExStr8, jabney, maybeeso in michigan, marina, radarlady, LakeSuperior, chimene, basquebob, YucatanMan, Laurence Lewis, FutureNow, Beetwasher, bleeding blue, dansk47, SaraBeth, where4art, GreyHawk, Gordon20024, Burned, Ice Blue, Ginny in CO, littlewren, Jim R, Jim P, begone, Paul Ferguson, Hirodog, Captain Sham, Patriot Daily News Clearinghouse, Keone Michaels, myboo, rcbowman, AoT, KenBee, luckydog, kck, TalkieToaster, global citizen, erratic, A Siegel, philipmerrill, Rosaura, Preston S, Dinclusin, Turbonerd, onionjim, SingerInTheChoir, CA Nana, profh, Clive all hat no horse Rodeo, suspiciousmind, WarrenS, lynneinfla, Statusquomustgo, jjellin, bstotts, BeerNotWar, Aaa T Tudeattack, One Pissed Off Liberal, out of left field, asilomar, Cat Whisperer, Loudoun County Dem, tgypsy, camlbacker, Debs2, offgrid, Wino, FishOutofWater, LillithMc, LamontCranston, deepeco, DWG, FischFry, joedemocrat, davehouck, SeaTurtle, jhop7, Wreck Smurfy, madgranny, janatallow, TomP, ScottyUrb, 6412093, OleHippieChick, Sixty Something, limpidglass, elwior, cumberland sibyl, Laughing Vergil, Akonitum, jamess, Calamity Jean, tofumagoo, boatjones, dewley notid, pickandshovel, brasilaaron, mofembot, petulans, doppler effect, Al Fondy, Robobagpiper, 207wickedgood, Bule Betawi, pileta, zmom, rsmpdx, LinSea, cantelow, Nebraskablue, Partisan Progressive, Zotz, CamillesDad1, petral, elziax, dskoe, asym, bfitzinAR, kevinpdx, stevenwag, sfarkash, astral66, citisven, Larsstephens, ruscle, Just Bob, The Jester, Observerinvancouver, piers, jakedog42, Polly Syllabic, cordgrass, samanthab, paradise50, Kristina40, Egalitare, DeanObama, nirbama, Betty Pinson, ericlewis0, cocinero, Oh Mary Oh, fiercefilms, rasfrome, Mac in Maine, Maximilien Robespierre, Barbara Marquardt, kerflooey, WineRev, slowbutsure, hooktool, FarWestGirl, lillyspad, Gamblndan, takatobimasu, trumpeter, Haf2Read, marleycat, zukesgirl64, Grandma Susie, MRA NY, RMForbes, enhydra lutris, VTCC73, Caddis Fly, blue muon, Vatexia, blackjackal, Sunspots, RLMiller, leftykook, Regina in a Sears Kit House, PrometheusUnbound, No one gets out alive, Frank In WA, BlueDragon, AnnetteK, chmood, Eowyn9, anodnhajo, cwsmoke, Mindful Nature, Siri, congenitalefty, This old man, Mr Robert, carolanne, belinda ridgewood, radical simplicity, oldpotsmuggler, rat racer, Marjmar, James Wells, peptabysmal, Windowpane, Robynhood too, CalBearMom, Hammerhand, Steve Canella, Chaddiwicker, nomandates, John Crapper, countwebb, argomd, jbob, RiveroftheWest, northerntier, Icicle68, peterfallow, k9kiki, marcr22, chicklet, TheDuckManCometh, hamjudo, OldSoldier99, Capt Crunch, Happy Ones

Subscribe or Donate to support Daily Kos.

Click here for the mobile view of the site