Why Europe needs to install more PV Systems to deliver the Paris Agreement

For over 50 years, scientist, engineers and industry have worked hard to decrease the hardware costs of photovoltaic solar electricity generation systems. In 2017, the costs of direct current (DC) electricity in central Europe at the PV module level have dropped to less than 0.02 EUR/kWh and shows that it is the technology with the lowest cost for electricity generation. Even if the low DC generation cost is only a part of the total, as there is an additional cost component to provide the electricity to the customer where and when it is needed, photovoltaic solar electricity is one of the lowest cost options to de-carbonise our electricity supply. If Europe wants to fill the Paris Agreement with life and make sure that our children and grandchildren will find a liveable planet, it has to embrace photovoltaics now with a massive increase of its own market volume and help less electrified countries to build up a sustainable electricity supply based on solar power.JRC.C.2-Energy Efficiency and Renewable