Solar Could Supply 12% of EU Electricity by 2020

The European Photovoltaic Industry Association (EPIA), gathered together with the 50 of the industry’s top CEOs for a meeting in Valencia, Spain at the European Photovoltaic Solar Energy Conference and Exhibition, to redefine industry objectives in the light of recent technology progress and the context of rising energy prices. The industry unanimously agreed that photovoltaic energy could provide 12% of European electricity demand by 2020.

Grid parity will be reached progressively from 2010 onwards in several European markets, the EPIA said. Countries with the highest solar irradiation and higher electricity prices, such as Italy and Spain, have the potential to reach grid parity starting in 2010 and 2012, respectively. Grid parity will be reached in Germany in 2015 and cover progressively most other EU countries up until 2020.

Ernesto Macías, EPIA’s president and communication general manager at Isofoton, is calling for “common efforts of the photovoltaic sector to make this technology a real solution to global energy challenge. I urge the Spanish Government to remain supportive to the photovoltaic sector in a sustainable way.”

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