The U.S. solar market installed 3.5 GW of new solar photovoltaic capacity in Q2 2020, a drop of 6% from Q1 installations. At the same time, utility-scale solar remained resilient despite the Covid-19 pandemic, representing 71% of all new solar capacity brought online in Q2.
The solar PV module market is expected to witness a period of flourishing growth owing to a global shift towards renewables and the subsequent rise in large-scale solar energy projects across the world.
Surging popularity of renewable energy sources like wind and solar along with growing electrification initiatives across rural sectors might accelerate the adoption of off-grid services.
Various federal bodies across the world have started to shift their focus towards adopting clean energy technologies as a primary source of energy.
Rebound possible in second half of 2020 as performance remains strong in utility-scale segment
The 2020 PV Module Reliability Scorecard highlights major advancements in PV module technology while noting concerning safety and performance failures
Solar, wind and batteries see dramatic gains in competitiveness over the last six months compared to longer-established energy options
Cheap renewable energy and low-priced batteries are anticipated to lead to wind and solar producing 50 percent of the world's electricity generation by 2050.
Wind is now America's largest renewable energy provider and the top choice for new utility-scale power
Annual market report shows wind industry topped 100 GW, employed 120,000 Americans, invested $14 billion in new projects, and provided $1.6 billion in local payments to communities and landowners last year.
The six-junction solar cell now holds the world record for the highest solar conversion efficiency at 47.1%, which was measured under concentrated illumination. A variation of the same cell also set the efficiency record under one-sun illumination at 39.2%.
Corporations purchased 19.5 gigawatts of clean power through long-term contracts, dwarfing the previous year's record, driven by activity in the U.S. and corporate sustainability commitments
According to the IEA, renewable share in power generation is projected to grow to 40% by 2040. Furthermore, rising demand for effective load management and continuous power supply will enhance the product penetration.
Solar Installations to Grow by Additional 142 GW in 2020 - Seven Times the World's Total Solar Installations a Decade Ago
Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit (NYSE: INFO), a world leader in critical information, analytics and solutions.
Solar Tracker Market by 2025 is expected to expand over 30 GW. Rising electricity demand on account of rapid urbanization & ongoing commercialization across globe will fuel the adoption of solar energy systems.
We found there was more EV adoption in California than in the Northeast. There are many factors, but it is the case that public regulators have been approving significant funding to promote electric vehicles in the west, including widespread public media campaigns.
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