Grid Parity

The point at which the cost of generating energy from renewable sources (such as solar or wind energy) becomes equivalent to or lower than the cost of electricity generated from conventional sources such as coal or natural gas. This balance can make renewable energy sources economically competitive and sustainable.

Grid Parity is a key goal for the transition to a cleaner and more sustainable energy system, as it promotes the reduction of greenhouse gas emissions and the decrease in the use of fossil fuels, thereby helping to mitigate the impact of climate change.