The True Competitiveness of Solar PV. A European Case Study

This report compares the levelised cost of PV electricity (PV LCOE) with retail electricity prices in different European countries and market segments. The report shows that PV electricity is already cheaper than retail electricity in all market segments and with all realistic interest rates in many European countries like Italy, Germany, the UK, Spain, Portugal and Greece. Even in countries with moderate solar irradiation and low retail electricity price like Finland and Sweden, PV will become competitive in 5-10 years.