Deutsche Bank just released new analyses concluding that global solar market will become sustainable on its own terms by the end of 2014, no longer needing subsidies to continue performing.
The German-based bank said that rooftop solar is looking especially robust, and sees strong demand in solar markets in India, China, Britain, Germany, India, and the United States. As a result, Deutsche Bank actually increased its forecast for solar demand in 2013 to 30 gigawatts — a 20 percent increase over 2012."
"d parity has been reached in India even despite the high cost of capital of around 10-12 percent,” Deutsche Bank notes, and also despite a slight rise in module prices of [3 to 5 cents per kilowatt] in recent months (good for manufacturers).
Italy is another country that appears to be at grid parity, where several developers are under advanced discussions to develop unsubsidized projects in Southern Italy."
#$%$_Yeah_Know, if China hadn't subsidized its solar industry many US companies would not have been driven out of business, and the ones that managed to stay in business would be in better financial condition