southern Italy investments in photovoltaics would next year
start to compete with electricity from the national power grid.
connecting to the grid are holding the industry back.
become competitive with other power sources in nearly
three-quarters of the European Union by 2020, and could then
stand on its own without subsidies, Hoffmann added.
kilowatt, four to eight times more expensive than fossil-fuel
eight years and would continue to do so, while fossil-fuel based
electricity will become increasingly expensive as the sector has
to start buying permits to emit CO2 under the EU Emissions
Trading Scheme from 2013.
and 6 percent of European electricity needs by 2020, up from
less than 1 percent at present.
increase to 12 percent by 2020, helping the EU meet its goal of
getting a fifth of its energy from renewable sources by the same