Solar power on track for grid parity in 2014

The Deutsche Bank, a global banking and financial services firm based in Germany, has released a new analysis of the solar energy market, offering predictions of where the market will be heading in the coming year.

Notably, the firm is predicting grid parity for numerous markets in Europe and Asia.

Grid parity has been an elusive goal for the solar energy industry for years, but the Deutsche Bank suggests that 2014 may be the time when prices for solar energy will be comparable, if not wholly equal, to the prices of traditional forms of energy.

The German bank has raised its 2013 global solar demand forecast to 30 GW