Solar Energy Market Research I Solar Industry Analysis & Reports

New research shows price signals can be presented that support investments in renewable generation and flexibility

In a year when rates have risen as a result of greater demand, disruptions in China, as well as broader inflation, the findings are no surprise

According to the latest report from the nation's Energy Information Administration (EIA), solar PV generation boosted in the US throughout the initial 9 months of the year by 26.1% when contrasted to the same period last year.

Investment in renewable energy in Africa was up to its lowest level in greater than decade last year despite the continent's huge possibility, experts claimed Wednesday at the COP27 climate conference.

The corporate PPA market in Asia is finally supplying on guarantee, mirroring the impact this market can make on new renewable capacity as seen in the North American and also European markets. In India, this is also demonstrated by the active rate of interest of large programmers, who have actually announced plans for this over utility scale projects in some cases.

The renewable energy portfolio entails 700 MW of onshore wind capacity currently functional, 1 GW of onshore wind which is unfinished, 2.8 GW of onshore wind and 1.6 GW of solar projects under development (COD within 5 years).

A report presented by IRENA mentions that the solar PV market takes pride in the highest share of full time women employees in the renewable energy sector. The share stood at 40% last year.

An annual solar report launched by Lawrence Berkeley National Laboratory (LNBL), Tracking the Sun, has made essential monitorings about the residential solar systems in the US. The report records the trends in the US market for near 2.5 million systems mounted in 2021 year-end, along with the preliminary data for the initial half of 2022.

International employment in renewable energy, counting direct and also indirect jobs, grew to 12.7 million individuals in 2021 from 12 million in 2020, according to the most recent report by the International Renewable Energy Agency (IRENA).

Solar projects are greater than two times as expensive as those in comparable arising market countries, says IEA

Solar module prices for global markets are anticipated to fall in tandem with anticipated polysilicon price decreases as of 2023, according to research from Clean Energy Associates (CEA).

Analysis highlights 784MW of projects were refused between January and July 2021

The cost of new-build onshore wind has actually risen 7% year on year, as well as fixed-axis solar has leapt 14%, according to the current evaluation by study company BloombergNEF (BNEF). The worldwide benchmark levelized cost of power, or LCOE, has actually temporarily pulled away to where it was in 2019. Cost rises are connected to rises in the cost of materials, freight, fuel as well as labor.

Global investment in renewable energy amounted to $226 billion in the first half of 2022, establishing a new record for the initial 6 months of a year.

Bitcoin might be a considerable energy customer in 2040, yet only if its rate gets to several million dollars, according to new estimates by Arcane Research.