According to the U.S. Solar Market Insight 2019 Year-in-Review report, released by the Solar Energy Industries Association (SEIA) and Wood Mackenzie, solar accounted for 40% of all new electric generating capacity in the U.S. in 2019, its highest share ever and more than any other source of electricity, with 13.3 gigawatts (GW) installed.
According to the 10th annual National Solar Jobs Census report released released by The Solar Foundation, the U.S. solar industry employed nearly 250,000 workers in 2019, an increase of more than 5,600 jobs (or 2.3%) since 2018. This marks a resurgence in solar industry employment following two years of job losses in 2017 and 2018.
According to research firm Wood Mackenzie, the next decade is set to deliver more of the same for solar PV. Costs will continue to fall, though slower than before, and the diversification of the global market will continue at pace.
The 2020 edition of the Off-Grid Solar Market Trends Report published by the World Bank Group’s Lighting Global Program and the Global Off-Grid Lighting Association (GOGLA) shows the off-grid solar industry has grown into a $1.75 billion annual market, providing lighting and other energy services to 420 million users and remains on a solid growth curve.
A new report by The Energy and Resources Institute (TERI) has found that India’s reservoirs have 18,000 sq. km of area with the potential to generate 280 GW of solar power through floating solar photovoltaic (PV) plants.
UK-based data analytics and consulting company GlobalData reported that Taiwan is well set to ramp up its solar PV deployment exceeding 2GW annually in coming years to march towards the goal of 20GW in 2025.
Mercom Capital Group, LLC, a global clean energy communications and consulting firm, announced in January the release of its report 2019 Q4 and Annual Solar Funding and M&A on funding and merger and acquisition (M&A) activity for the solar sector in 2019 .
According to a new report from market research and advisory firm Navigant Research, the global market for renewable energy monitoring and control (M&C) of solar PV and wind power assets is expected to reach an estimated $82.9 billion in cumulative revenue between 2019 and 2028, experiencing a compound annual growth rate (CAGR) of 12.5%.
New report “Future of Solar Photovoltaic” launched by the International Renewable Energy Agency (IRENA) at “Sun World 2019” event, which took place from November 12 to 14 in Peru, finds that by 2050 solar PV would represent the second-largest power source behind wind, generating a quarter of the world’s power. In total, global solar power capacity would rise from 480 GW in 2018 to over 8000 GW by 2050, growing by nearly 9 per cent every year, report finds.
Global investment in new renewable energy capacity over this decade — 2010 to 2019 inclusive — is on course to hit USD 2.6 trillion, with more gigawatts of solar power capacity installed than any other generation technology, according to new figures published in Global Trends in Renewable Energy Investment 2019 report.
The Indian state of Karnataka has been ranked first in the Index that evaluates Indian states based on their attractiveness for rooftop solar development. The states of Telangana, Gujarat and Andhra Pradesh have been ranked 2nd, 3rd and 4th respectively.
PV Evolution Labs (PVEL), the leading independent test lab for the global downstream solar industry, announced the publication of the 5th Edition of its PV Module Reliability Scorecard in partnership with DNV GL, the world’s largest resource of independent experts and certification body. As the most comprehensive publicly available comparison of PV module reliability test results, the Scorecard ranks PV modules and manufacturers using independent test data.
