Reuters Events Renewables’ Post

The EU #solar market is projected to grow by 11% to 62 GW in 2024, despite a slowdown in #rooftopsolar demand due to stabilizing energy prices. The declining cost of solar products is propelling a surge in ground-mounted solar power plants, contributing to the overall expansion of the EU solar market. However, challenges such as trade defense measures and grid constraints could impact this positive outlook. Businesses in the solar industry should be aware of these potential hurdles and plan accordingly. To ensure continued growth, policymakers must implement supportive EU policy frameworks and prioritize investments in grid infrastructure. Read our blog post where we break down the essential findings from the latest EU Market report: https://lnkd.in/gBTk2z63

Decentralized solar has been growing at a rapid pace for the past 10 years and its total install capacity is expected to reach 11-Gigawatt hour direct current (GWHdc) by 2027. This has benefitted companies across the solar industry such as panel manufacturers, installers, financers, energy storage providers, etc. However, latest developments related to tariffs are expected to have a negative short-term demand impact, because the widely used Chinese components are going to cost more, leading to higher project costs or even project cancellations. However, in the long-term, these measures will strengthen the U.S. solar industry by reducing dependence on China as it gears up reach new levels of install capacity. For long-term investors, this offers a chance to start building positions in cleantech leaders like Enphase Energy (ENPH) that has a diversified customer base, best-in-class technology, is gaining market share, and is available at a modest valuation that will lend to multiple expansion when the cycle turns. Send us a message through DM mentioning "Cleantech Report" and we will share it with you. #SolarEnergy #Cleantech #SolarPower #SolarIndustry #SolarInvesting #Investing #Investment #InvestorUpdates #SolarStocks #InvestmentOpportunities #InvestorNews #Finance #ExecutiveInvesting #InstitutionalInvesting #CorporateFinance #InvestorRelations

Love this (and most other things posted by Nat Bullard)! It's really hard for most people to grasp #exponential scale, learning, and cost curves, but we at DEXMAT have been inspired by the massive cost reduction in #solar. #Galvorn has enjoyed a similarly striking result: 96.3964% decrease in cost over just 9 years! We're on track for 99.9997% decrease in cost in just a few more years. #Carbonnegative Galvorn is stronger than #steel, lighter than #aluminum, conductive like #copper, and will be less expensive than all three very soon! That's how we're going to decarbonize heavy industry - not through green premiums, but through better, less expensive, #sustainable #materials. #climatetech

Silver market dynamics: links to global energy transition. Silver prices have surged by around 30% over the past year. What’s driving this sustained growth? • Ongoing supply and demand imbalance: For three consecutive years, silver supply has been less than demand. The Silver Institute forecasts a 1% decrease in supply and a 2% increase in demand for 2024 – primarily driven by a 20% rise in demand for silver from the rapidly developing photovoltaic industry. • Market deficit: Silver’s market deficit is expected to grow by 17% as industrial demand continues to hit record levels. • Photovoltaic (solar) demand: According to the International Energy Agency, 3 times more solar modules were manufactured in 2023 than in 2021. This demand curve is still increasing, driven by China’s accelerating deployment of solar. • Industrial applications: Not only is silver central to solar, it is also a critical element in emerging and established green technologies including circuit boards, batteries, and water purification systems. Already hold gold? Use our "switch" feature to seamlessly transition to silver without funds leaving the Rush app. Explore the potential of investing in silver bullion through the Rush app today. #InvestInSilver #RushFinancialServices #GreenTechnology #SilverInvestment #FinancialGrowth

Cause and effect are obvious. Hopefully this trend dampens the amplitude of industry wide impacts seen in the past with tariffs, duties & import prohibitions.

New global #solarenergy installations are expected to reach #574GW in 2024, 627 GW in 2025 and #880GW in 2030: BloombergNEF says global #solar installations could hit 574 GW this year.: The #photovoltaic industry added about 444 GW of new capacity in 2023, a 76% growth on 2022 build. Prices of solar modules are at record lows, and supply of components is plentiful. The world could install up to #574GW of new #PV capacity #thisyear, acc. to a new global #PV outlook report from #BloombergNEF. The research firm said it also expects new global #PV installations to reach 627 GW in 2025 and 672 GW in 2026, and then grow further to 718 GW in 2027 and 722 GW in 2028. For 2029 and 2030, it predicts annual PV growth of 820 GW and 880 GW, respectively. #SolarEnergy #HybridSolar #FloatingSolar #RooftopSolar #Agrisolar #SelfConsumptionSolarpower  https://lnkd.in/dscVhrc6

An old research habit I've recently revived: acquiring (and reading!) technology histories. Invaluable resources, not just for what they described happening, but for that which may no longer hold true today. Instructive example from Greg Nemet's excellent book "How Solar Energy Became Cheap" (2019). "A megawatt-hour of PV electricity in 1957, for its first commercial use, cost about $300,000 in today's dollars...Today in a sunny location, that megawatt hour costs only $20. Thus, the cost of that electricity has fallen by four orders of magnitude, a factor of 15,000 cost reduction." We've had inflation since then, so $300,000 in December 2019 dollars is about $360,000 today. Also, 2019 power purchase agreements at $20 per megawatt-hour were edge cases and potentially untenable; today's PPAs are likely closer to $60/MWh than $20/MWh. The result, then, is still fairly striking: a 99.9983% decrease in cost over 67 years. https://lnkd.in/gXwEjk6Q

☀️ U.S. Solar Panel Manufacturing Capacity Quadruples The U.S. solar industry is booming, with manufacturing capacity now exceeding 31 GW, a nearly four-fold increase since the Inflation Reduction Act (IRA) passed in 2022. In Q2 2024 alone, 9.4 GW of new solar capacity was installed, and 75 GW has been added in the two years since the IRA took effect. States like Texas, Arizona, and Georgia are leading the charge, with major manufacturing facilities driving growth. While challenges remain, U.S. solar capacity is projected to double by 2029! 🌍 #SolarEnergy #CleanEnergy #RenewableEnergy #ClimateAction #SolarManufacturing

Key points from the Global Market Outlook for Solar Power 2024-2028: 1. Record Growth in 2023: The world added 447 GW of new solar PV capacity, an 87% increase from 2022, driven mainly by China. 2. Future Projections: The global solar market is expected to grow by 22% in 2024, reaching 544 GW, with potential to hit 876 GW by 2028. 3. China’s Dominance: China alone contributed 57% of global installed capacity in 2023, with a 167% growth rate. 4. Policy Recommendations: Emphasis on setting ambitious national targets, investing in battery storage, grids, and electrification to unlock solar’s full potential. https://lnkd.in/gkQWwbT7

The case for battery storage https://lnkd.in/eEaRrv-z The tripling of battery capacity by 2028 means there will be higher demand for advanced battery solutions. Now is the time to leverage this trend by offering integrated solar and storage