The solar photovoltaics (PV) industry is increasingly evolving from an investor’s market to an energy savings market, according to the PV Parity Project.
PV is a method of generating electrical power by converting solar radiation into direct current electricity. The PV Parity Project aims to contribute to furthering the technology in the EU electricity market and improving the competitiveness of the industry.
The group says that completing the project’s objectives will aid renewable energy technology and result in greenhouse gas emissions reduction, as well as diversifying energy supplies.
In a new report, it looks at the current costs of supporting schemes that have helped the PV market grow and become more competitive, such as investment grants, net-metering, feed-in tariffs and green certificates in Germany, Italy, Netherlands and Austria. It also analysed alternative support schemes.
The results of the report show that self-consumption measures must be accompanied by fair compensation for the electricity injected into the grid, in order to ensure competiveness of installation driven by self-consumption.
This means that for the time, being in most European countries, the compensation for the electricity fed into the grid, and not self-consumed, still needs to be higher than the market price for electricity.
Fabian Pause, from SUER, the German Foundation for Environmental Energy Law, said, “Self-consumption needs a specific regulatory framework, with a right to self-consume to be implemented and a lot of design criteria to be considered.”
The report noted that the self-consumption business model is dependent on the savings on grid costs and taxes.
Like our Facebook Page
Key Things to Remember When Building a Sustainable Home
4 Tips to Achieve Eco-friendly Business Operations
Are Vegan Shoes A Sustainable Option?
How to Be More Eco-Conscious In Your Everyday Life
Tips To Become More Sustainable At Home
Modern Log Cabins: Sustainability and Aesthetics
The Basics of Starting a Eco-Friendly DIY Project
Importance of Shore Hardness for Sustainable Hobbyists
Green Healthcare Practice Patient Data Compliance Guidelines
Guidance on Trading Bitcoin as an Eco-Friendly Investor
Why Making Your Business Sustainable Is More Important Than Ever
The Most Popular Environment-Friendly Flooring Options
Investing in the Ethical and Eco-friendly Has Never Been Easier
A Guide Transitioning to Safer and Environmentally-Friendly Chemicals
Role of HR in Sustainable Businesses
The Environmental Impact of Bitcoin Replacing Fiat Currencies
Tips To Make Air Conditioning Eco-Friendly
9 Zero Waste Gift Ideas For An Eco-Friendly 2021 Holiday
5 Reasons For Your Business To Go Green (Beyond Helping The Planet)
Tips After Buying an Electric Scooter to Lower Your Carbon Footprint
- Features10 months ago
Seven Health and Safety Tips for Eco-Friendly Products in a Green Home
- Energy10 months ago
Eco-Friendly Homeowners Lower Carbon Footprints through Greater Air Conditioner Efficiency
- Features9 months ago
Essential Guidelines for Eco-friendly Moving into new Home
- Invest12 months ago
The Eco-Friendly Evolution of Bitcoin Over the Years