In the current situation, global energy demand exceeds the capacity of available generators. Therefore, energy security and reliability must be improved, and alternate energy sources must be explored aggressively if future energy demands are to be met efficiently. In the current scenario, the leading solar companies of the world believe in modifying their services according to the latest energy trends.
Renewable
and alternative energy sources can address long-term issues as effective energy
solutions. It is evident that solar energy, which has a wide range of available
sources, is a promising option.
It's been nearly
a decade since solar energy became a globally significant industry. So let's
examine where solar power is going in 2022 and how it has evolved over the
years.
In-Demand Commercial Solar Energy
Businesses,
non-profits, and governments have been installing
solar panels on-site as the industry continues to unlock financing tools so
everyone can benefit from solar power.
This segment
is expected to grow in the future, given the growing adoption of clean energy
technology by commercial, non-profit, and public entities. However, on-site
solar still has a lot of room for growth, which serves less than 1% of
commercial electricity demand.
In-Demand Rise In Roof-Solar Panel
It is
unlikely that solar panel rooftop prices will come down anytime soon, given the
logistical challenges following the coal industry's collapse. On the contrary,
according to an international analyst at global data, market prices are expected
to rise until 2023. In this report, we examine the solar rooftop market in
detail and estimate the contribution to the cumulative capacity of solar PV
from rooftop solar from 2012 to 2030.
The report
highlights the delays in shipments and a lack of workers that explains the
temporary price increase. In addition, governments worldwide have promoted
policies and incentives for rooftop solar PV. As a result, cost trends may
decrease soon.
Structural Changes Due To Supply Chain
Pressure
Although the
solar
market saw strong growth in 2021, structural shortages are still prevalent
in the supply chain, polysilicon shortages, forced labor allegations, and a
worsening trade war.
Solar
equipment manufacturers are trying to optimize their supply chains to maximize
growth while minimizing costs as raw materials prices are predicted to hover
between 25-35% above 2019 levels through 2022.
Raw material
processing costs are also expected to increase, increasing capital costs and
LCOE. In 2025, analysts expect polysilicon prices to start to decline, after
which they will remain relatively high for a long time.
For More:
No comments:
Post a Comment