More European subsidy-free solar projects gaining traction. The lack of subsidy has opened up the scope for some huge projects such as this 175MW project which would comfortably be the largest in Germany. This project has been in development for the last 10 years demonstrating that subsidy-free business models are resurrecting previously shelved projects. In a market of rising electricity costs, utility-scale PV plants are able to generate power for less than €0.05/kWh, on a par with any other technology out there.
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“We have seen a remarkable development over the past few years in solar technology,” said Dirk Güsewell, head of generation portfolio development at EnBW. “Due to technical advances, the cost of constructing solar parks has fallen dramatically – by up to 90% over the last ten years in Germany. Therefore, today the costs involved in solar energy are on at least an equal footing with other technologies – which has also been demonstrated by the results of the latest [renewable energy procurement] auctions. We anticipate that the first large solar projects will be realized without EEG funding in the foreseeable future. Solar energy thus has a realistic chance of achieving this market maturity.”