In this third paper, which studies the hourly generation data for the year 2006 from the Israel Electric Corporation, with a view to incorporating very large photovoltaic (PV) power plants, we address the question: What properties should storage have in order to enhance the grid penetration of large PV systems in an efficient and substantial manner? We first impose the constraint that no PV energy losses are permitted other than those due to storage inefficiency. This constraint leads to powerful linkages between the energy capacity and power capacity of storage, and PV system size, and their combined effect on grid penetration. Various strategies are then examined for enhancing grid penetration, based upon this newfound knowledge. Specific strategies examined include PV energy dumping and baseload rescheduling both on a seasonal basis and shorter time periods. We found, inter alia, that at high grid flexibilities (in the range ff=0.8-1), PV grid penetration levels could be possible in the range 60-90% of annual requirements. Moreover, with appropriately designed storage and accurate forecasting, a future grid could be operated at ff=1. (C) 2010 Elsevier Ltd. All rights reserved.