
Solar PV is a particularly attractive form of renewable generation, given that it can be relatively easily installed on existing structures (such as roofs) to generate electricity that is consumed by local loads, with any excess power being fed back into the utility network. Itis a proven technology and the costs have dropped dramatically to the point that the resulting cost of electricity is comparable to tariffs charged by distributors. The technological developments and cost reductions have been driven by the large scale deployment of solar PV in several countries, with the likes of Germany having more than 35 GW of solar PV. This has been promoted with feed-in tariffs (FIT) whereby the customer is paid for energy exported into the grid. The magnitudes of FITs in Germany were reduced as PV costs decreased.
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