Insights
The solar industry has rapidly evolved in the last 3-5 years to become a $36 Billion global industry.
While manufacturing and installation costs are declining, the costs of electricity are climbing and will soon
be on par with fossil fuel generated electricity.
At the macro level, the EU and other governing bodies have made the use of solar energy – and other green alternatives – a top priority. Yet throughout Europe, local communities and business struggle with difficult choices when it comes to implementing these policies.
Illuminating grid parity
There has never been a better time to invest in solar technology. Investors who understand how a preferred feed-in price can offset expenditure stand to do well. Many experts believe that grid parity will be reached progressively from 2010 onwards throughout many European countries. Local incentive feed-in schemes already in place throughout Germany and Spain are blazing the trail for photovoltaic energy to become a key green energy contributor. This means that within the next 8 to 15 years, there will come a time when we can profitably produce solar energy without the support of government subsidies.
International Solar is taking a different approach to the grid parity opportunity. Unlike some investment groups that trade bonds and immeasurable carbon output, we are funding and implementing green energy projects today – helping local communities to more rapidly become energy independent.
The benefits of small projects to local municipalities
Developing and implementing solar technologies in a pragmatic manner requires knowledge, money and space. It was this philosophy that revealed that a roof can do more than keep you dry, it can make a profit.
Over the past few years, our International Energy Group has been transforming underutilized space into green energy sources. Waiting to produce new energy solutions is bad for the environment. Our small projects can solve the problem for local municipalities struggling with how to plan, implement and pay for alternative fuels.
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