Review of photovoltaic status in a European (EU) perspective

In the EU continent, a generation cost around 0.15€/kWh has been achieved [1]. Around the world, there is a mission to stimulate this green source of energy and it is believed that by 2030, PV will be able to deliver around 9 % of the world's electricity demands. According to an International Energy Agency (IEA) report [2], it is expected that PV will accomplish grid parity in at least 10% of the world by 2020. There was a significant 60 % annual growth in the grid connected PV systems in the span of 2004–2009 [3]. The present article will bring out the status & review of PV technology and the details of PV system standards as suggested by IEA. In the present paper, the main attention has been paid to the grid connected systems.