Advances in Solar Photovoltaic Grid Parity

Abstract

The paper briefly considers the most recent literature on solar photovoitaic grid parity with inference to the market price phenomenon for costs and future success of the technology proliferation. The resolution to populate the energy sector with green energy initiatives, and the preparedness to invest in the sustainable pathways to mitigate the ill-effects caused by the use of fossil-based fuels and its dedicated technologies calls for worldwide collaboration/participation, in addition, to evaluate and track achievements‘. The present exploratory study extrapolates the cost of PV modules, progress in electricity prices, environmental impact, and cost consideration in operations, and grid integration to have an effect on grid parity. The authors identified different analytical tools used by researchers to evaluate and determine solar PV market prices. A discussion of researchers' resolves on the year to reach grid parity is presented according to findings from literature, based on performances, and compared to the residential PV price parity. The present article is cogent to guide future research in Solar grid parity, and support key players involved in making future techno-innovation decisions on Solar power.