What is solar grid parity?

Grid parity happens when our use of alternative energies – like solar – costs less than, or equal to, the price of using power from conventional sources such as coal, oil and natural gas (i.e., fossil fuels).

What is the difference between grid and smart grid?

The current grid uses a limited one-way interaction. That is, power flows from the power plant to the consumer. The Smart Grid, in contrast, introduces a two-way interchange where both electricity and information can be exchanged — in both directions — between the power utilities and the consumers.

Is there a grid parity monitor for large scale PV plants?

While the first Grid Parity Monitor (GPM) issues focused on residential (3kW) and commercial (30 kW) PV installations for self-consumption this report is the second analysis that covers large scale PV plants. The plant considered in the analysis has an installed capacity of 50 MWp using a single-axis tracking system under a project finance scheme.

What is the grid parity monitor (GPM) series?

CREARA has released a new issue of its Grid Parity Monitor (GPM) Series, exclusively focused on Chile, a promising market with a regulation that fosters the PV market and high irradiation levels in the north of the country (Copiapó was used as reference).

What is “grid parity”?

As such, the GPM introduces both the “grid parity” and the “generation parity”concepts: Grid Parity (for residential and commercial segments) is defined as the moment when PV LCOE is competitive with retail electricity prices, assuming that 100% of the electricity is self-consumed instantaneously.

How does the GPM evaluate PV competitiveness?

The GPM evaluates PV competitiveness according to the following criteria: Grid Parity (residential and commercial segments) is defined as the moment when PV LCOE becomes competitive with retail electricity prices, assuming that 100% of the electricity is self-consumed instantaneously.