Grid Parity
TEL Solar is currently offering equipment that produce PV panels that are 1.4 square meters in size, have a module efficiency of 10.8%, and a module production cost of US$0.50/Watt. It is notable that TEL Solar has doubled the annual output of its standard manufacturing line and reduced the expected cost of ownership by over 50% over the past three years. These improvements put TEL Solars customers in a position to offer panels at a price that enable solar energy to be sold at prices that are comparable with retail electricity rates in regions like Southern Europe or California by 2012.
Read more about this topic: Oerlikon Solar
Famous quotes containing the word parity:
“The U.S. is becoming an increasingly fatherless society. A generation ago, an American child could reasonably expect to grow up with his or her father. Today an American child can reasonably expect not to. Fatherlessness is now approaching a rough parity with fatherhood as a defining feature of American childhood.”
—David Blankenhorn (20th century)