Solar prices have been declining rapidly over the last 10 years, making the renewable energy source more and more affordable, globally. According to Bloomberg New Energy Finance (BNEF), solar and wind power have already reached grid parity in a number of European countries, China, and the State of California (PV Magazine). The key drivers behind
Myth 1: Solar Panel Manufacturing is Environmentally Damaging Studies by the NREL (National Renewable Energy Laboratory) have shown that the payback period in terms of energy production vs. production cost is actually <4 years. Aside from the relatively low cost of production and quick payback period, the NREL concluded that the average US household with
Kelvin Ross reported on June 20th 2019 for Renewable Energy World that renewables (wind and solar) now are the least expensive option for adding power generation capacity in 2/3rds of the world. Further drops in costs will see renewables powering nearly 50% of the global grid by 2050, and will get ~$9.5 trillion of investments
High efficiency modules have been in high demand in the recent times. The main goal of solar projects has always been to produce the most amount of energy possible in as little space as possible. This has become even more important in recent years, which has helped to drive mono module demands. The high efficiency
Betsy Lillian reports for Solar Industry that the US Trade Representative (USTR) has announced a major update in the Section 201 trade ruling, namely that bifacial solar modules will be exempt from the tariff. The notice was published by Jeffrey Gerrish on the 12th of June, and states that (1) bifacial panels, (2) flexible fibre
Q1’19 reports have been released, announcing the top installers in 2018 and giving forecasts for 2019 and beyond. China installed the most solar by a huge amount in 2018, but did not reach their massive ~53GW installed in 2017, and actually saw the market contracting somewhat. The US, while taking second place in terms of
An article posted on the University of Manchester’s website reports that a team of scientists at the University have solved the initial degradation of solar cell efficiency. Prof Tony Peaker explains that “during the first hours of operation, after installation, a solar panel’s efficiency drops [around 2%]”, a phenomenon known as LID (light induced degradation).