Solar Farm Market is Expected to Increase at a 17.51% of CAGR by 2030
The rising level of pollution is leading to a major increase in environmental concerns. The extensive usage of fossil fuels in order to meet the rising demand for energy is driving the need for sustainable energy. The government is also taking various initiatives to promote renewable energy usage and move towards a sustainable environment. Increasing fossil fuel usage adds to the carbon footprint, further depleting the ozone layer. The government is also providing various tax benefits and incentives which will further propel the growth of the market. Solar energy is also gaining immense popularity as it is an environmentally friendly source of power. Due to these reasons, the global solar farm market size is expected to reach around USD 267.8 billion by 2030, at a CAGR of 17.51%.
Safety Issues Found in 62% of Solar PV Field Inspections
New SolarGrade report analyzes over 60,000 PV system health datapoints from hundreds of inspections to assess solar project safety and reliability
Agriculture + Solar, the Perfect Pair for Modern Farming
The 21st century has ushered in the era of commercial renewable energy. On each project, owners, end-users, developers, and subcontractors explore numerous options to maximize the efficiency of each plot of land.
Sungrow Debuts Its New Generation Residential Solution during Intersolar Europe 2023
The residential solution integrates the new 3-phase Hybrid inverter, the SH15/20/25T, and the new Battery SBH100-400 series, featuring larger battery capacity, higher power capacity, and higher charging and discharging current, enabling full backup.
Solar Cell Market - A Backbone of renewable energy
The global solar cell market is projected to grow at a CAGR of 17.72% from 2022 to 2030, with a market size estimated at USD 85 billion in 2021 and expected to reach USD 369 billion by 2030. The increasing demand for renewable energy, driven by technological advancements and the shift towards sustainable and cleaner energy, is fueling the growth of solar energy. Government regulations, incentives, and initiatives are creating lucrative opportunities for market growth. The Asia Pacific region dominates the market, accounting for over 40% of the global share in 2021, led by China and its supportive policies for zero carbon emissions. India is also expected to grow significantly in the solar PV market. Major market players include Panasonic, JINERGY, Trina Solar, and SunPower Corporation.
Beny Earns Acclaimed TÜV Rheinland Certification for Microinverter
The company unveiled their revolutionary brand, EV BENY, and proudly announced the highly anticipated achievement of TÜV Rheinland certification for their flagship product, the BYM series Microinverter. This certification solidifies the Microinverter's position as a paragon of excellence in safety, efficiency, and reliability.
TrinaTracker Shows Innovative Solutions at InterSolar Europe
At the exhibition, TrinaTacker shows its Agile 1P, the dual-row 1 in portrait solar tracker, which has gained recognition in the European market. The company's smart tracking solutions, featuring the latest smart control system, is also on display.
Kseng Solar attended Intersolar Europe 2023 with highlights on its All-scenario Solar Racking Solutions
From July 14 to 16, Kseng Solar appeared at Intersolar Europe 2023 with its latest advanced solar racking solution in residential, C&I, and utility sectors, catering to diverse demands and scenarios in Germany and the wider European market, which attracted much attention and recognition from clients on-site.
Sunverge Joins RMI's "Virtual Power Plant Partnership" with Industry Leaders
Sunverge's decade-long experience in multi-service and multi-asset VPPs will help lead the group's goal of virtual power plant market development and expansion
JinkoSolar launches G2 Battery into the European Market at Intersolar Europe
The upgraded product, JKR-B1250~2750-A (high voltage G2 battery) is a high-performance energy storage system designed for residential and small commercial applications. It features a self-developed Jinko HV battery with a single pack capacity of 3,84 kWh, which uses a long cycle high-quality cell that can reach 6000 cycles at room temperature (25°C).
Canadian Solar Announces U.S. Module Manufacturing Facility in Mesquite, Texas
Canadian Solar is building a state-of-the-art solar photovoltaic module manufacturing plant with an annual output of 5 GW, equivalent to approximately 20,000 high-power modules per day.
RoyPow Showcases All-in-One Residential Energy Storage System at EES Europe 2023
The SUN series revolutionizes home energy management for a more efficient, safer, greener, and smarter solution.
LONGi presents "STAR Innovative Ecological Collaboration Platform" at Intersolar 2023 to build global ecosystem for PV innovation
Its mission is to promote innovation trends, gathering global ideas, integrating solutions, connecting high-quality resources, and promoting technological innovation in the global photovoltaic industry to build a world-leading green energy ecosystem.
SolarEdge Unveils Commercial Storage System at Intersolar 2023
Designed for small to medium commercial PV installations, the highly efficient DC-coupled CSS provides 58kWh of battery capacity and is suitable for indoor use. Able to connect up to eight batteries per inverter, it will deliver up to 460kWh of storage capacity and offers the ability to synchronize solar battery and site-level energy management.
THE GATES HAVE OPENED: THE SMARTER E EUROPE 2023 IS ALL ABOUT 24/7 RENEWABLE ENERGY SUPPLY
Over 85,000 visitors from 160 countries are expected to attend the event by Friday. On three full exhibition days, The smarter E Europe offers the ideal opportunity to explore the latest trends, technologies and business models while meeting the industry's visionaries and decision makers.
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Solar Power - Featured Product
OMCO Origin® Factory-Direct Trackers
A One-In-Portrait (1P) solution for a wide range of solar projects within utility scale, distributed generation (DG), and community solar markets manufactured and factory preassembled in the USA at OMCO Solar with full-scale support, and design for quick, easy and safe installation, and fewer trackers per MW. OMCO makes all structural components with domestic steel and this balanced design allows for more accurate targeting and reduced energy consumption. OMCO Origin® Factory-Direct Trackers include universal module mounts with options for all commercially available modules, labor-saving bearings with 6 adjustable ways to compensate for posts and terrain issues, and foundation solutions for every terrain including OMCO C Piles.
