Wednesday, April 10, 2013

Renewable Energy Breakthrough-Solar Energy Reaches Grid Parity in India and Italy

According to recent Deutsche Bank report, solar power just hit a new landmark in India and Italy that it costs the same as electric power grids in the two countries. In India, the government aims produce 20GW solar power by 2022. The German Bank has increased its solar demand forecast for this year by 20 percent in countries like China, the U.S. and the U.K. Moreover, the bank expects that these countries will reach uniformity in network by 2014.