Obtaining consumer grid parity and improving the cost competitiveness of large solar power plants are the most ambitious industry goals in the solar PV sector. Drawing on its extensive research and consulting experience in the field of European renewable electricity, LRI has developed a model which describes and analyses these goals and demonstrates how efficiency improvement and cost reduction are driving overall progress towards both. Through a measurement and the analysis of many factors contributing to the changes in solar PV system efficiencies, the value chain and the current state of government incentives, the relationship between numerous external and internal industry factors is clarified, and a more detailed picture is established of both the current state of the sector and its likely future.

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