What is grid parity?

We talk about grid parity when the price of a kWh produced by a photovoltaic installation becomes competitive with one offered by conventional energy suppliers.

Grid parity has already been achieved in many countries, such as Germany, which do not benefit from particularly generous sunshine. As the cost of fossil fuels continues to increase, the grid parity will gradually be reached all over the world and as a consequence, solar electricity will take a leading role in global energy supply.