Impacto de la devaluación en la paridad de red para generación solar residencial en América Latina (Impact of devaluation on grid parity for residential solar generation in Latin America)

Lorena Cadavid (dlcadavi@unal.edu.co)1, Carlos Jaime Franco (cjfranco@unal.edu.co)1


1Universidad Nacional de Colombia - sede Medellín

This paper appears in: Revista IEEE América Latina

Publication Date: Nov. 2017
Volume: 15,   Issue: 11 
ISSN: 1548-0992


Abstract:
In the last two years, Latin America has experienced a high devaluation of regional currencies, which means a decrease in the foreign price of national goods. In this paper, we analyze the impact that local currency devaluation has in the parity grid for solar electricity generation systems at a residential level. We developed a financial model based on the Levelized Cost of Energy indicator for nine Latin-American cities, considering two different scenarios: 2014 and 2016 prices. We found that devaluation delays the grid parity for solar generation for all analyzed cities. With 2014 prices, 3 out of nine cities would reach its grid parity in the 2016 year, while with 2016 prices, cities would reach the parity from the year 2023. Results highlight the financial feasibility for house-holding solar generation, and expose the price risk for the Latin-American market.

Index Terms:
Householding Generation, Grid Parity, Photovoltaic System   


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