Solar power will equal the price of electricity from baseload sources such as coal and gas earlier in New York, London and Munich than it will in sunnier locations such as Johannesburg, according to PV and Investment at London's Imperial College. Using a new model, it found that the sunnier locations would be hampered by existing low energy prices and the higher cost of capital. Residential solar the Centre for Climate Finance will achieve grid parity in five of the cities studied by 2030, it said.
Solar power will equal the price of electricity from baseload sources such as coal and gas earlier in New York, London and Munich than it will in sunnier locations such as Johannesburg, according to the Centre for Climate Finance and Investment at London's Imperial College. Using a new model, it found that the sunnier locations would be hampered by existing low energy prices and the higher cost of capital. Residential solar PV will achieve grid parity in five of the cities studied by 2030, it said.