Rapid uptake Grid parity
photovoltaics starting compete in places without subsidies. shi zhengrong has said that, of 2012, unsubsidised solar power competitive fossil fuels in india, hawaii, italy , spain. pv system prices decline inevitable subsidies end. solar power able compete without subsidies against conventional power sources in half world 2015 . in fact, recent evidence suggest photovoltaic grid parity has been reached in countries of mediterranean basin (cyprus). predictions power source becomes self-supporting when parity reached appear coming true. according many measures, pv fastest growing source of power in world: for large-scale installations, prices below $1.00/watt common. in locations, pv has reached grid parity, cost @ competitive coal or gas-fired generation. more generally, evident that, given carbon price of $50/ton, raise price of coal-fired power 5c/kwh, solar pv cost-competitive in locations. declining price of pv has been reflected in rapidly growing installations, totalling 23 g...