#Solar Photovoltaic Panels Market Share

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BIPV Market: Trends Supplement Large-Scale Solar Systems Adoption

As per the International Energy Outlook, the global power demand is expected to rise by 80%, requiring an investment of around $19.7 trillion by 2040. Also, the Paris Agreement set a target of limiting global warming temperature below 2° Celsius, preferably 1.5° Celsius. This has influenced governments to seek innovative ways to reduce emissions while meeting energy demand, which has paved the way for photovoltaic materials in buildings. Triton’s analysis estimates that the global building integrated photovoltaics market will propel at a CAGR of 17.31% during the forecast period 2023-2030.

Building integrated photovoltaics serves the dual purpose of being the outer layer of a building and a power generator. This, in turn, has opened a new frontier in green infrastructure, influencing architects to develop energy-efficient and aesthetically appealing buildings. For instance, Ubiquitous Energy’s transparent solar window panels, UE Power, have emerged as an aesthetically appealing power-generating alternative to conventional windows.

BIPV Revolution: Trends Reshape Energy Landscape

According to the International Renewable Energy Agency (IRENA) , around 90% of the world’s power can be generated with renewable energy by 2050. Since buildings consume high amounts of energy, BIPV integration will facilitate their transition from energy users to producers. On that note, the notable trends reshaping the market are:

Governments perceive investing in green energy solutions as an opportunity to attain GHG reduction targets. Hence, over the past few years, authorities worldwide have employed various measures to stimulate the adoption of sustainable technologies, including BIPV modules, across residential, commercial, and industrial sectors. For example:

As per the Indian Ministry of New & Renewable Energy (MNRE) , the government has implemented the production-linked incentive (PLI) scheme for high-efficiency solar PV modules with an outlay of INR 24,000 crore, to achieve domestic manufacturing capacity of solar PV cells and modules.

In 2021, the German government amended the Renewable Energy Act by establishing grid priority to drive the onshore wind, solar PV, and biogas growth. The government proposed to increase its solar capacity installations to 100 GW by 2030.

The Chinese government also formulated a policy that requires all new buildings to conform to energy guidelines modeled after LEED specifications. This policy combines a recent initiative to reconstruct 50% of residential high-rise buildings. The country is anticipated to add more than 600 GW of solar power by 2030.

Reaping the benefits from such incentives, the industrial sector leads the BIPV market at 39.54%. However, over the forecast period 2023-2030, the commercial sector is expected to witness the fastest growth at 17.38%.

As per IEA, the global solar PV generation reached around 821 TWh in 2020, a whopping 23% increase from 2019. The energy association also stated that next to utility-scale deployment, distributed applications on buildings contribute to around 40% of PV use globally. In this regard, rooftop-based applications are alleviating the burden on the distribution grids, enabling companies and households to pay lesser energy bills while reducing emissions. Moreover, the cost of installing rooftop PV systems reached around $1 per watt. Hence, roofing captures the majority of the market share at 55.69% in terms of application.

China drives the global market, followed by the US, European nations, and Japan playing a major role. The rise in installations from around 19.4 GW in 2017 to 27.3 GW in 2021 was the key aspect that made China a leader in rooftop installations. For instance, Shanghai and Dezhou have acquired the title of ‘Solar City’, which features a large fleet of rooftop solar water heaters. Besides, the Net Zero Energy Building mandate across China is expected to accelerate the PV roofing segment, with solar tiles gaining major traction. Hence, these developments are expected to widen the scope of the Asia-Pacific BIPV market over the forecast period 2023-2030.

IEA projects that photovoltaic systems are estimated to account for approximately 14% of the total power generation by 2050, owing to the rising detrimental impact of fossil fuels. In fact, the organization stated that PV systems saved more than 860 million tons of C02 in 2020. The construction industry is highly innovative in the commercial sector owing to the development of cost-effective zero-emission green facilities.

As per IRENA, Germany ranks fourth in solar energy production globally. In 2021, the nation installed solar capacities of almost 60 GW, an increase of 5.3 GW from 2020. These actions are based on the country’s aim to obtain a 65% share of the renewable energy sector by 2030. Moreover, the Energy Efficiency Strategy for Building suggested advanced technology development to achieve the goal of a virtually climate-neutral building stock by 2050. Hence, the growing focus on sustainable energy sources fuels the overall Europe BIPV market, spearheaded mainly by Germany.

PV Cost Reduction: A Driving Force for Market Players

Since photovoltaic systems generate energy with around 42% efficiency using multi-junction cells, they have emerged as an ideal alternative over complex installations, such as wind turbines. As per the UN, between 2010 to 2020, the cost of power from solar systems plummeted by around 85%. This highlights the question:

What induced PV cost reduction?

The significant cost decline is mainly because of overproduction and higher investment in PV modules. Another factor is the efforts by Chinese suppliers and wholesalers to reduce the stock held in European warehouses to prevent anti-dumping and anti-subsidy tariffs. This oversupply, from China to Europe thus shrunk the cost of silicon. Such developments led energy solutions supplier Sungrow to supply products to the world’s largest BIPV plant (120 MW) in Central China’s Jiangxi Province. Therefore, the increasing efficiency, ease of installation, and decreasing cost of PV modules over conventional sources like coal and natural gas are expected to open new avenues for players in the building integrated photovoltaics market.

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Future of the Photoactive Materials Market: Forecast and Opportunities Through 2034

The Photoactive Materials Market is anticipated to witness substantial growth between 2024 and 2034, driven by advancements in renewable energy, electronics, and healthcare sectors. Photoactive materials respond to light stimuli, generating electrical, chemical, or structural changes. This unique property makes them essential for applications in photovoltaics, photodetectors, medical devices, and display technologies. The increasing focus on sustainable energy, along with the growing demand for efficient electronic devices, will significantly contribute to market expansion during the forecast period.

The global photoactive materials industry, valued at US$ 800 million in 2023, is projected to grow at a CAGR of 7.3% from 2024 to 2034, reaching US$ 1.8 billion by 2034. The market's growth is fueled by the rising adoption of solar panels and advancements in organic and inorganic photonic materials. The demand for energy-efficient devices in consumer electronics and industrial applications is also a key contributor to this growth.

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Market Segmentation

By Service Type:

Design and Customization

Material Testing and Simulation

Product Integration and Installation

By Sourcing Type:

Inorganic Photoactive Materials

Organic Photoactive Materials

Hybrid Materials

By Application:

Solar Cells

LEDs

Photocatalysts

Medical Devices

Photodetectors

By Industry Vertical:

Renewable Energy

Electronics and Semiconductors

Healthcare and Biotechnology

Automotive

Aerospace and Defense

By Region:

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

Regional Analysis

North America holds a dominant share in the market due to advanced R&D in photoactive materials, particularly in the U.S. with its strong focus on renewable energy technologies.

Europe is projected to witness significant growth, led by the adoption of solar technologies and strong governmental policies supporting sustainability.

Asia-Pacific, particularly China and Japan, is expected to grow rapidly due to increasing investments in photovoltaic technology, electronics manufacturing, and the healthcare industry.

Latin America and the Middle East & Africa are gradually emerging as potential markets due to the increasing demand for solar energy solutions in regions with abundant sunlight.

Market Drivers and Challenges

Drivers:

Growing demand for renewable energy: The shift towards sustainable energy sources, particularly solar power, is a major driver for the photoactive materials market.

Technological advancements: Innovations in organic and perovskite solar cells are pushing the boundaries of efficiency and affordability.

Rise in medical and biotechnology applications: Photoactive materials are increasingly being used in biomedical imaging, drug delivery systems, and diagnostic tools.

Challenges:

High production costs: The complexity of synthesizing and developing high-efficiency photoactive materials can result in higher production costs.

Limited stability: Some organic photoactive materials, such as perovskites, suffer from stability issues, which can limit their long-term application.

Environmental concerns: The disposal and environmental impact of certain photoactive materials, particularly in developing regions, remain key challenges.

Market Trends

Perovskite solar cells: Perovskites have emerged as a promising alternative to traditional silicon-based solar cells, offering high efficiency at lower production costs.

Flexible and transparent electronics: Photoactive materials are increasingly being used in the development of flexible and transparent electronic devices, expanding their applications in next-generation consumer electronics.

Photodynamic therapy: In healthcare, the use of photoactive materials for photodynamic therapy in treating cancer and other diseases is gaining traction.

Future Outlook

The Photoactive Materials Market is set to experience robust growth from 2024 to 2034, with increasing investments in renewable energy and electronics. As innovation continues, the market will see expanded applications in wearable technologies, flexible electronics, and healthcare. Governments and private sectors are likely to increase funding for R&D, particularly in the area of sustainable and high-efficiency materials.

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Key Market Study Points

Analyse the potential of perovskite solar cells to disrupt the photovoltaic industry.

Examine the role of organic photoactive materials in flexible electronics.

Assess the impact of government policies on the development of the renewable energy market.

Evaluate the adoption of photoactive materials in the medical and biotechnology fields.

Competitive Landscape

The competitive landscape of the photoactive materials market includes key players such as:

First Solar

Kaneka Corporation

Heliatek GmbH

Konica Minolta

ARMOR Group these companies are focusing on strategic partnerships, mergers, acquisitions, and investments in research to stay ahead in this rapidly evolving market.

Recent Developments

First Solar has announced plans to expand its production of cadmium telluride-based photoactive materials, focusing on sustainable solar energy.

Heliatek GmbH recently launched a flexible solar film, utilizing organic photoactive materials, aimed at the building-integrated photovoltaics market.

Konica Minolta is developing new photoactive materials for medical imaging and diagnostics, enhancing the role of light-based technologies in healthcare.

About Transparency Market Research

Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

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Solar Tracker Market Size Worth $29.31 Billion By 2030

The global solar tracker market size is expected to reach USD 29.31 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 26.2% from 2023 to 2030. The market is expected to witness substantial growth over the forecast period owing to the growing need for renewable power generation. Solar tracker is installed on a PV system to get an increased energy output during the day. PV system trackers help to minimize the angle of incidence between incoming light and panel, thereby increasing the amount of energy produced. In Concentrated Photovoltaic (CPV) technology, a large part of sunlight is focused on a solar cell using an optical device. Concentrating light requires direct sunlight, thereby limiting this technology to clear locations.

The single axis type segment is predicted to witness significant growth from 2022 to 2030. Single axis trackers are more economical than dual axis trackers and easy to maintain. Single axis trackers are less expensive compared to dual axis trackers, therefore, are widely employed in residential and commercial applications. Reduced non-renewable energy consumption, improved efficiency, and lower CO2 emissions are likely to drive the solar power generation market, and thus the market is expected to witness significant growth over the forecast period.

The dual axis type segment accounted for the largest revenue share in 2021 and is projected to exhibit the highest CAGR during the forecast period. Dual-axis trackers comprise two degrees of freedom that act as an axis of rotation. The axis fixed to the ground is considered the primary axis and the one referenced to the primary axis is called the secondary axis. Dual axis trackers have modules that are oriented parallel to the secondary axis of rotation. Dual axis trackers allow maximum absorption of the sun’s rays on account of their ability to follow the sun both horizontally and vertically, thus generating 8% to 10% more energy than single axis trackers.

Solar PV technology held the largest revenue share in 2021. The simple design and cost-effectiveness of these trackers make them ideally suited for most PV applications at the utility level. In addition to cost-effectiveness, trackers installed on PV modules occupy less space as compared to the CPV and CSP technologies. The PV technology trackers do not require any additional lenses, mirrors, or sterling energy to generate electricity, thereby making them suitable for use in non-utility applications.

North America accounted for the largest share in terms of volume and revenue in 2021 and is expected to witness significant growth over the forecast period, considering the growing demand from the U.S., Canada, and Mexico. However, high initial investment and low cost of conventional sources of energy are likely to restrain market growth in North America.

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Solar Tracker Market Report Highlights

Solar tracker helps to increase the efficiency of solar cells. Increasing solar PV demand in various regions is expected to propel market growth over the projected period

Solar PV technology has been one of the fastest growing renewable sources of energy over the past few years in the U.S. Increasing government focus on renewable energy has resulted in the development of PV cells as a sustainable and continuous source of energy generation

The dual axis type segment held the largest revenue share of over 50.83% in 2022. Single axis tracker is projected to expand at a considerable CAGR during the forecast period. Single axis trackers are less expensive as compared to dual axis trackers and, therefore, are widely employed in utility and non-utility applications

The utility application segment accounted for the largest revenue share of more than 85.56% in 2022 and is projected to expand at the highest CAGR during the forecast period. Trackers are being used on a large scale in utility applications in light of the increasing government subsidies, coupled with feed-in tariff schemes, particularly in the North American and European region

North America accounts for the major market share in the global market and this trend is expected to continue till 2030. The Middle East and Africa market is projected to expand at the highest CAGR during the forecast period on account of a rise in the investments in solar energy in the region

Solar Tracker Market Segmentation

Grand View Research has segmented the global solar tracker market based on technology, type, application, and region: 

Solar Tracker Technology Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

Solar Photovoltaic (PV)

Concentrated Solar Power (CSP)

Concentrated Photovoltaic (CPV)

Solar Tracker Type Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

Single Axis

Dual Axis

Solar Tracker Application Outlook (Volume, Megawatt; Revenue, USD Million; 2018 - 2030)

Utility

Non-utility

Solar Tracker Regional Outlook (Volume, Megawatt; Revenue, USD Million, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

Spain

Italy

France

Asia Pacific

China

India

Japan

Central & South America

Brazil

Chile

Middle East & Africa

UAE

Saudi Arabia

List of Key Players of Solar Tracker Market

Abengoa Solar S.A.

AllEarth Renewables

Array Technologies Inc.

DEGERenergie GmbH & Co. KG

Nclave

Powerway Renewable Energy Co. Ltd.

Soltec Tracker

SunPower Corporation

Titan Tracker

Trina Solar Limited

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Saudi Arabia Flat Glass Market Growth, Industry Trends, Forecast 2023-2030

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Saudi Arabia Flat Glass Market size at USD 1.88 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects Saudi Arabia Flat Glass Market size to expand at a CAGR of 7.60% reaching a value of USD 3.02 billion by 2030. Saudi Arabia flat glass market is projected to grow owing to many factors, including increased investment in the solar energy industry and a growing demand for electric vehicles (EVs). During the forecast period, Saudi Arabia flat glass market is expected to be driven by increased demand from the construction industry due to fast urbanization and an increase in the number of building projects for economic growth.

Opportunity - Growing population in expanding urban areas

The rapid urbanization and increasing construction of residential and commercial buildings are fueling the growth of Saudi Arabia Flat Glass Market. Flat glass is used more frequently in windows, facades, and internal partitions as a result of the growing need for infrastructure and structures in metropolitan areas. In addition, rising government investments in solar energy installations are further anticipated to boost the demand for flat glass in the Kingdom. Solar panels use solar glass that provides solar power transmission and high reliability under sunlight exposure.

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Solar Flat Glass Segment to Grow at Fastest CAGR

Saudi Arabia Flat Glass Market is comprised of major end user industries including building & construction, automotive, solar glass, and others (electronics and aerospace). Among these end users, the solar glass industry is projected to register highest growth rate over the forecast period, owing to a rising focus on energy-efficiency in buildings. With the rising levels of heat, the demand for solar glass is expected to rise owing to its capability to reflect and absorb sunlight and control the glare. Solar glasses help in reducing power costs by enhancing energy efficiency of photovoltaic (PV) solar panels and lowering the cost of running cooling systems.

Competitive Landscape

Saudi Arabia Flat Glass market is intensely competitive, as a number of companies are competing to gain a significant market share. Key players in the market include Saudi Guardian International Float Glass Co., Obeikan Glass Company, Saudi American Glass Company, Al-Zamil Glass Industries, United Glass Company, Corning Incorporated, Guardian Industries, and Saint-Gobain Vitro.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

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The United States Agrivoltaics Market Will Grow At Highest Pace Owing To Increasing Adoption Of Dual-Use Agriculture

The United States agrivoltaics market involves integrating photovoltaic solar power generation into agricultural operations, such as farming and livestock grazing. Agrivoltaics systems optimize land use for both electricity production as well as crop cultivation or livestock grazing. The dual-use of agricultural land boosts the agricultural productivity and reduces the consumption of fresh water for irrigation. Major crops grown under agrivoltaic systems include grapes, blueberries, tomatoes, and citrus fruits.

The United States Agrivoltaics Market is estimated to be valued at US$ 323.6 Mn in 2024 and is expected to exhibit a CAGR of 11% over the forecast period 2024-2031.

Key Takeaways

Key players operating in the United States agrivoltaics are Enel Green Power S.p.A.,Boralex,Sunrise Power Solutions,McIntosh Energy Japan Co., Ltd., and SolarEdge.

These players are focusing on developments of innovative agrivoltaic projects to tap the growth opportunities. For instance, in 2022, Enel Green Power developed an agrivoltaic system in California integrating PV modules mounted at a height of eight meters above rows of wine grape.

The growing adoption of dual-use agriculture is fueling the demand for agrivoltaic systems in the country. Agrivoltaics help farmers to generate additional revenue from electricity sales while optimally utilizing the available land for crop cultivation. Government schemes promoting integration of agriculture with renewable energy are further augmenting the adoption of agrivoltaics among farmers.

Technological advancements are also supporting the growth of the United States agrivoltaics market. Key players are developing innovative mounting structures, optimizers, and module designs that maximize crop yield while producing electricity from PV systems. Smart technologies allow real-time monitoring of agro-climatic conditions and adjustment of PV panels for optimal sunlight exposure to crops.

Market Trends

The trend of dual-use agriculture is gaining traction in the United States as it helps optimize land utilization as well as boost farm income. Various states are promoting integrated models for generation of clean energy along with crops and livestock management. Furthermore, the growing focus on sustainable agriculture is propelling the development of agrivoltaic farms having minimum environmental impact.

Market Opportunities

The strong policy support in the form of regulatory mandates and financial incentives available for renewable energy projects presents significant opportunities for agrivoltaics market in the United States. Additionally, growing research collaborations between agricultural universities and solar industries are expected to develop new applications and potential crops suitable for agrivoltaics. This will further accelerate the commercialization of innovative agrivoltaic systems.

The United States Agrivoltaics Market experienced significant slowdown in growth during the COVID-19 pandemic. Lockdowns and supply chain disruptions negatively impacted the agricultural as well as solar sectors. Farmers faced difficulties in crop cultivation and harvesting due to shortage of labor and disruptions. The implementation of agrivoltaic projects also slowed down significantly. However, with gradual easing of restrictions from mid-2021 and vaccination drives, the market is recovering. The demand is expected to pick up strongly as agricultural production returns to pre-pandemic levels and ongoing renewable energy targets drive the adoption of innovative agrivoltaic solutions.

The geographical region concentrating major share of the United States Agrivoltaics Market in terms of value is Central States region comprising North Dakota, South Dakota, Nebraska, Kansas, Minnesota, Iowa, Missouri, Wisconsin, and Illinois. This is because of the large-scale farming activities in the region, supportive government policies, and availability of suitable land areas for integrating solar PV systems with agriculture. The fastest growing region for the market is expected to be Western States region including California, Oregon, Washington, Nevada, Idaho, Utah, Arizona, New Mexico, Colorado, and Wyoming. This is attributed to aggressive renewable energy goals of states like California, extensive R&D initiatives in the region, and increasing development of agrivoltaic projects to power irrigation in arid states.

The Central Valley region of California is a major hub for various fruit and vegetable cultivation. However, extensive use of fossil-fuel based irrigation pumps has increased carbon footprint and energy costs of farms. Several farmers and local authorities in the region have started implementing innovative agrivoltaic projects that deploy bifacial solar panels mounted on vertically-adjustable structures above crop beds. This allows growing of crops below panels and generation of clean electricity simultaneously to meet irrigation demands. Such projects are reducing reliance on diesel and lowering production costs, thereby driving stronger adoption of agrivoltaics in California and wider Western States region.

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Author Bio:

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163 )

What Are The Key Data Covered In This United States Agrivoltaics Market Report?

:- Market CAGR throughout the predicted period

:- Comprehensive information on the aspects that will drive the United States Agrivoltaics's growth between 2024 and 2031.

:- Accurate calculation of the size of the United States Agrivoltaics and its contribution to the market, with emphasis on the parent market

:- Realistic forecasts of future trends and changes in consumer behaviour

:- United States Agrivoltaics Industry Growth in North America, APAC, Europe, South America, the Middle East, and Africa

:- A complete examination of the market's competitive landscape, as well as extensive information on vendors

:- Detailed examination of the factors that will impede the expansion of United States Agrivoltaics vendors

FAQ’s

Q.1 What are the main factors influencing the United States Agrivoltaics?

Q.2 Which companies are the major sources in this industry?

Q.3 What are the market’s opportunities, risks, and general structure?

Q.4 Which of the top United States Agrivoltaics companies compare in terms of sales, revenue, and prices?

Q.5 Which businesses serve as the United States Agrivoltaics’s distributors, traders, and dealers?

Q.6 How are market types and applications and deals, revenue, and value explored?

Q.7 What does a business area’s assessment of agreements, income, and value implicate?

*Note: 1. Source: Coherent Market Insights, Public sources, Desk research 2. We have leveraged AI tools to mine information and compile it

[techtrends-today]

Optimizing Agrivoltaics for Different Crops to Boost Productivity and Sustainability

Understanding Agrivoltaic Systems

Agrivoltaics combines agricultural infrastructure with photovoltaic installations. By sharing the land, farmers can grow crops while harnessing solar energy, achieving dual productivity. The concept is simple but requires meticulous planning to optimize both plant growth and solar power generation.

Statistics Supporting Agrivoltaics

Agrivoltaics isn't just a theoretical idea; it's backed by promising statistics. For instance, a study found that agrivoltaic systems, also known as agripv, can increase crop yield by up to 60% due to the microclimate created by the shade from solar panels. Additionally, these agripv systems can reduce water usage by up to 20%, making them an attractive option for arid regions.

Optimal Panel Arrangements

Designing an agrivoltaic system starts with determining the optimal arrangement of solar panels. The goal is to balance sufficient sunlight for crops with maximum solar energy capture.

Vertical vs. Horizontal Panels

Vertical panels are often preferred for certain crops as they allow more light to penetrate between rows. This arrangement is ideal for low-growing crops like lettuce and spinach. Horizontal panels, on the other hand, can be beneficial for taller crops like corn and wheat, as they provide consistent shading and reduce heat stress.

Adjustable Panels

Some advanced agrivoltaic systems use adjustable panels that can be tilted or moved to optimize sunlight exposure throughout the day. This flexibility helps in adjusting to seasonal changes and different crop growth stages, ensuring maximum efficiency.

Shading Impacts and Crop Yield

Benefits of Shading

Moderate shading from solar panels can reduce the temperature around the crops, creating a microclimate that protects them from extreme heat. This can lead to higher yields, especially for crops sensitive to high temperatures.

Potential Drawbacks

While shading can benefit many crops, it may hinder the growth of those requiring full sunlight. Understanding the specific light requirements of different crops is crucial for designing effective agrivoltaic systems.

Case Study Example

Crops Benefiting from Agrivoltaics

Lettuce:

In Japan, agrivoltaic systems have boosted lettuce yield by 30%.

The microclimate created by the panels reduces water evaporation, enhancing growth.

Crops Facing Challenges

Sunflowers:

Require full sun and may not thrive under shaded conditions.

Adjustments in panel arrangements are necessary to ensure adequate sunlight.

FAQs on Agrivoltaic System

How does agrivoltaics impact water usage? Agrivoltaic systems can significantly reduce water usage by creating a cooler microclimate under the solar panels, reducing evaporation rates. Are there any crops that shouldn't be grown with agrivoltaics? Crops that require full, unobstructed sunlight, such as certain types of grains and sunflowers, may not be ideal candidates for agrivoltaic systems. What are the economic benefits for farmers? Farmers can benefit from dual income streams—revenue from crop sales and electricity generation. This diversification can provide financial stability and resilience against market fluctuations.

3rd Annual Agrivoltaics Europe For those interested in exploring agrivoltaic systems, attending events like the 3rd Annual Agrivoltaics Europe can provide valuable insights and networking opportunities with industry leaders. This event, held from November 5th to 7th, 2024, in Vienna, Austria, will feature case studies, strategic discussions, and the latest innovations in the field.

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Organic Electronics Market Size, Growth Opportunities, Revenue Share Analysis, and Forecast To 2030

The Organic Electronics Market is projected to grow from USD 56.8 billion in 2023 to USD 184.8 billion by 2030, registering a CAGR of 18.4% during the forecast period (2024-2030). This rapidly evolving field promises to revolutionize the way we think about and use technology, offering new possibilities in flexibility, sustainability, and functionality. As the organic electronics market continues to grow, it is essential to understand its potential, challenges, and what the future may hold.

Organic electronics involve the use of organic (carbon-based) materials to create electronic devices. Unlike traditional silicon-based electronics, organic electronics are made from materials that are more flexible, lighter, and potentially more cost-effective to produce. These materials include polymers and small molecules that can conduct electricity, enabling the creation of a wide range of devices, from flexible displays and solar cells to organic light-emitting diodes (OLEDs) and transistors.

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Market Growth and Key Drivers

The global organic electronics market is experiencing significant growth, driven by several key factors:

Advancements in Technology: Continuous research and development in organic materials have led to improved performance, stability, and manufacturing processes. This has made organic electronics more viable for commercial applications.

Demand for Flexible and Wearable Electronics: Consumers are increasingly seeking out flexible, lightweight, and wearable devices. Organic electronics offer the perfect solution, enabling the development of bendable displays, foldable smartphones, and wearable sensors that are both functional and comfortable.

Environmental Sustainability: Organic materials are generally more environmentally friendly than their inorganic counterparts. They require less energy to produce and can be made from renewable resources, making them a key component in the push towards greener technology.

Growing Applications in Various Sectors: Organic electronics are finding applications across diverse industries, including healthcare, automotive, and energy. For example, organic photovoltaic cells (OPVs) are being used in solar panels to provide a more sustainable energy source, while organic sensors are making strides in medical diagnostics.

Challenges Facing the Market

Despite the promising outlook, the organic electronics market faces several challenges:

Performance and Stability Issues: While organic materials have improved, they still lag behind inorganic materials in terms of performance, especially in high-temperature environments. This limits their use in certain applications where durability is critical.

Manufacturing Costs: Although organic electronics have the potential to be more cost-effective, current manufacturing processes are still relatively expensive and complex. Scaling up production to meet market demand while keeping costs low remains a significant hurdle.

Lack of Standardization: The field of organic electronics is still relatively young, and there is a lack of standardization in materials and processes. This can lead to inconsistencies in product quality and performance, which may hinder widespread adoption.

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Future Prospects

Despite these challenges, the future of the organic electronics market looks bright. Ongoing research and development efforts are likely to overcome many of the current limitations, making organic electronics more competitive with traditional technologies. Furthermore, as demand for flexible, sustainable, and innovative devices continues to grow, so too will the market for organic electronics.

Several emerging trends are expected to shape the future of this market:

Integration with IoT and Smart Technologies: As the Internet of Things (IoT) continues to expand, organic electronics will play a crucial role in the development of smart, connected devices. Their flexibility and low power consumption make them ideal for IoT applications.

Expansion into New Markets: Organic electronics are likely to find new applications in industries such as agriculture, where flexible sensors can monitor crop health, and in packaging, where smart labels can track product freshness.

Sustainability Initiatives: With increasing global emphasis on sustainability, organic electronics will be at the forefront of efforts to create more eco-friendly technologies. This could lead to greater investment in research and development, further accelerating market growth.

Conclusion

The organic electronics market is on the cusp of a major breakthrough, with the potential to transform the electronics industry as we know it. While there are still challenges to overcome, the benefits of organic electronics—flexibility, sustainability, and the promise of new applications—make it an exciting and rapidly evolving field. As technology continues to advance, and as the world increasingly prioritizes sustainability, the organic electronics market is poised for significant growth in the years to come.

[b2bbusiness]

Sweden Solar PV Market: A Bright Future Ahead

Sweden, a country known for its progressive approach towards renewable energy, is rapidly emerging as a key player in the solar photovoltaic (PV) market. Despite its northern latitude, which results in long winters with limited sunlight, Sweden's commitment to sustainable energy and innovative technology has driven significant growth in its solar PV sector. This article explores the current state of the Sweden solar PV market, its growth drivers, challenges, and future prospects.

Market Overview

The solar PV market in Sweden has experienced remarkable growth over the past decade. As of 2023, the installed capacity of solar PV in Sweden has exceeded 2.5 GW, a significant increase from just a few hundred MW a decade ago. This growth has been driven by a combination of favorable government policies, declining costs of solar technology, and increasing public awareness of the benefits of renewable energy.

Growth Drivers

Government Support and Policies: The Swedish government has played a crucial role in the development of the solar PV market. Incentives such as tax reductions, subsidies for solar installations, and favorable regulations for small-scale producers have encouraged both residential and commercial adoption of solar energy. The government's commitment to achieving a fossil-free energy system by 2040 has further bolstered the market.

Technological Advancements: Advances in solar technology have led to more efficient and affordable solar panels. The introduction of bifacial panels, which capture sunlight from both sides, and improvements in energy storage solutions have made solar PV a more viable option even in Sweden's challenging climatic conditions.

Environmental Awareness: Swedes are known for their environmental consciousness, and this has translated into a growing interest in renewable energy sources. Solar PV systems are increasingly being seen as a way to reduce carbon footprints and contribute to a sustainable future.

Corporate Initiatives: Many Swedish companies are adopting solar energy as part of their corporate social responsibility (CSR) initiatives. Companies such as IKEA and Volvo have invested in large-scale solar projects, setting an example for others to follow.

Challenges

Despite the positive outlook, the Sweden solar PV market faces several challenges:

Seasonal Variability: Sweden's geographical location results in significant seasonal variability in sunlight. While summer months provide abundant solar energy, the long, dark winters pose a challenge for consistent energy production. This necessitates the need for effective energy storage solutions and complementary energy sources.

Grid Capacity and Integration: As the share of solar energy in the grid increases, there is a growing need for upgrades in grid infrastructure to handle the intermittent nature of solar power. Efficient integration of solar energy into the national grid remains a technical and financial challenge.

Economic Viability: While the cost of solar technology has decreased, the initial investment remains a barrier for many households and small businesses. Although government incentives help mitigate this, the long payback period can deter potential adopters.

Future Prospects

The future of the solar PV market in Sweden looks promising. The government's ambitious targets, coupled with continuous technological advancements, are expected to drive further growth. By 2030, Sweden aims to have a solar capacity of 10 GW, a fourfold increase from current levels.

The ongoing development of energy storage solutions, such as batteries and other innovative technologies, will play a critical role in overcoming the challenges posed by seasonal variability. Additionally, the integration of smart grid technology will enable more efficient management of solar energy, further enhancing the viability of solar PV in Sweden.

Buy the Full Report For More Information on Sweden Solar PV Market Forecast, Download a Free Report Sample

[industryforecastnews]

Solar PV Panels Market Size To Reach USD 287.13 Billion By 2030

Solar PV Panels Market Growth & Trends

The global solar PV panels market size was estimated at USD 287.13 billion in 2030 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030. Growing demand for sustainable carbon-free solar energy coupled with stringent regulations regarding climate change prevention is likely to strengthen the increasing demand for solar PV panels over the forecast period.

As solar PV systems are a form of renewable energy, various governments have implemented programs including feed-in tariffs to provide various economic incentives for investments. This is anticipated to positively impact the market growth in the coming years. Furthermore, cost cuts on account of improvements in technology and economies of scale are key characteristics of solar PV that are expected to be responsible.  

The energy generation market has witnessed growth, in terms of the installed capacity of renewable sources, in the past few years on account of the rising environmental concerns along with the pressure to reduce the harmful effects of greenhouse gasses. This has been a major factor in the expansion of solar and wind energy sectors. Governments across the world are supporting energy saving and energy efficiency, which is expected to contribute to the growth of the market over the forecast period.

Industry participants are focusing on developing innovative manufacturing techniques to enhance conversion efficiency and generate the most immediate payback period. For instance, in January 2022, Jinko Solar won a tender offered by China Petroleum Engineering & Construction Corporation, for up to 1.85 GW of its highly efficient solar modules. The company mentioned that it is one of the largest solar module procurements made by CNPC. Further, the company announced that the modules were scheduled to be supplied in 2022 to support CNPC’s solar development pipeline in China

Request a free sample copy or view report summary: https://www.grandviewresearch.com/industry-analysis/solar-panels-market

Solar PV Panels Market Report Highlights

Thin film technology segment accounted for a prominent revenue share and was valued at USD 6.93 billion in 2022 owing to inexpensive thin film manufacturing

The off-grid segment is expected to witness the fastest CAGR of 16.0% over the forecast period, owing to rising demand for decentralized power generation across remote locations

Asia Pacific accounted for the largest market share of 54.31% in 2022. The region is expected to witness significant growth owing to high grid utilization in countries such as China, India, and Japan

JinkoSolar, JA Solar, Trina Solar, LONGi Solar, Canadian Solar, Hanwha Q-CELLS, Risen Energy, GCL-SI, Talesun, and First Solar are some of the significant participants in the solar PV panel industry

Solar PV Panels Market Segmentation

Grand View Research has segmented the global solar PV panels market report based on technology, grid type, application, and region

Solar PV Panels Technology Outlook (Revenue, USD Billion, 2018 - 2030)

Thin Film

Crystalline Silicon

Others

Solar PV Panels Grid Type Outlook (Revenue, USD Billion, 2018 - 2030)

On Grid

Off Grid

Solar PV Panels Application Outlook (Revenue, USD Billion, 2018 - 2030)

Residential

Commercial

Industrial 

Regional Insights

Asia Pacific held the largest market share of over 54.0% in 2023, with China being the largest contributor to revenue generation. The presence of large market players and supportive government policy of providing subsidies and financial incentives for photovoltaic projects are key factors for the growth of the industry in China. The North American market is expected to grow at a CAGR of about 7.9% over the forecast period. Proliferating capacity of residential consumers coupled with the announcement of new utility projects is expected to enhance product penetration across the country over the forecast period.

Apart from being the largest hub of panel manufacturing, China has several solar farms including the world’s largest floating farm that can generate 40 MW of electricity. In addition, the country accounts for a prominent position in solar PV panel exports to the world. However, some countries like the U.S. and India have applied restrictions on amount of PV panels imported from China, thereby disrupting solar industry profits in the country.

Key Companies & Market Share Insights

Solar PV Panels Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

U.S.

Canada

Mexico

Europe

Germany

Russia

U.K.

Spain

Italy

France

Turkey

Croatia

Asia Pacific

China

Japan

South Korea

India

Australia

Central & South America

Brazil

Colombia

Paraguay

Middle East and Africa

Saudi Arabia

UAE

South Africa

Egypt           

List of Key Players in the Solar PV Panels Market

JinkoSolar

JA Solar

Trina Solar

LONGi Solar

Canadian Solar

Hanwha Q-CELLS

Risen Energy

GCL-SI

First Solar

SunPower Corporation

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/solar-panels-market

[tamanna31]

Solar PV Panels Market Size, Share, Growth, Analysis Forecast to 2030

Solar PV Panels Industry Overview

The global solar PV panels market size was estimated at USD 170.25 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 7.7% from 2024 to 2030. Growing demand for renewables-based clean electricity coupled with government policies, tax rebates, and incentives to install solar panels is expected to drive the growth of solar PV panels industry in the coming years. Companies in the commercial and industrial sectors are among the major consumers of solar photovoltaic panels owing to the large-scale demand for green energy. Installation economies of scale in these sectors compensate for any loss in panel efficiency, making solar PV systems profitable for large-scale generation. The residential sector is gaining momentum in solar PV panel installations due to net metering schemes for grid-connected systems and the availability of energy storage systems for off-grid systems.

The U.S. market is expected to witness a prominent growth rate on account of robust federal schemes such as solar investment tax credit, rising demand across public and private sectors for green electricity, and declining panel cost. According to the Solar Energy Industries Association, the U.S. solar industry generated an investment of USD 33 billion in 2021 and achieved an installed capacity of 23.6 GW across the nation. The U.S. government has implemented various new incentive schemes to promote the adoption of solar and other renewable technologies. For instance, in August 2022, the U.S. government launched the Inflation Reduction Act (IRA) which allotted USD 369 billion for promotion of the renewable energy sector.

Gather more insights about the market drivers, restrains and growth of the Solar PV Panels Market

Many companies have started to construct new solar PV plants and are increasing capacity of their existing plants. For instance, in February 2023, Silicon Ranch announced that it will increase its solar power plant’s energy generation capacity. Also, First Solar will supply 1.5 GW of advanced American thin-film solar modules. This is in addition to its prior agreements which include installation of a total of 4 GW of solar PV panels by 2027.

The value chain of solar PV panels includes raw material suppliers, equipment suppliers, module manufacturers, distributors, and buyers that function in industrial, commercial, and residential markets. The majority of manufacturers in the solar PV panels industry are heavily backward integrated. First Solar, Solar World, and Yingli are among the key companies practicing vertical integration.

However, the COVID-19 outbreak disrupted the global solar PV panel supply chain, resulting in increasing panel prices with manufacturers facing labor shortages, material supply shortages, and stagnant international trading impacting the export market. Delayed projects due to supply chain disruption will further impede the solar industry.

Browse through Grand View Research's Renewable Energy Industry Research Reports.

The global train battery market size was estimated at USD 275.00 million in 2023 and expected to grow at a CAGR of 5.7% from 2024 to 2030. 

The global artificial photosynthesis market size was estimated at USD 80.8 million in 2023 and is estimated to grow at a CAGR of 13.2% from 2024 to 2030.

Key Companies & Market Share Insights

The global solar PV panels industry is competitive with key participants involved in R&D and constant innovation. It has become one of the most important factors for companies to perform in this industry. The high degree of forward integration, security of raw material feedstock, technology sourcing, skilled manpower, and strong R&D are among the prominent factors governing the competitiveness of solar PV panel industry. Globally, rising renewable energy demand in addition to growing energy security concerns is driving market growth.

Key Solar PV Panels Companies:

JinkoSolar

JA Solar

Trina Solar

LONGi Solar

Canadian Solar

Hanwha Q-CELLS

Risen Energy

GCL-SI

First Solar

SunPower Corporation

Order a free sample PDF of the Solar PV Panels Market Study, published by Grand View Research.

[businessindustry]

Solar Powered Cold Storage Market Analysis, Trends, Share 2024-2032

The Reports and Insights, a leading market research company, has recently releases report titled “Solar Powered Cold Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032.” The study provides a detailed analysis of the industry, including the global Solar Powered Cold Storage Market Research share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the Solar Powered Cold Storage Market?

The solar powered cold storage market size reached US$ 3,612.3 Million in 2023. Looking forward, Reports and Insights expects the market to reach US$ 10,179.3 Million by 2032, exhibiting a growth rate (CAGR) of 12.2% during 2024-2032.

What are Solar Powered Cold Storage?

Solar-powered cold storage utilizes solar energy to power refrigeration or cold storage units. These systems convert sunlight into electricity through solar panels, which is then used to operate the refrigeration equipment. This technology is beneficial in areas with limited or unreliable access to electricity, particularly in off-grid or remote locations. Solar-powered cold storage is environmentally friendly, reducing dependence on fossil fuels and aiding in the fight against climate change. Moreover, these systems are cost-effective over time, relying on readily available solar energy for operation.

Request for a sample copy with detail analysis: https://www.reportsandinsights.com/sample-request/1577

What are the growth prospects and trends in the Solar Powered Cold Storage industry?

The solar-powered cold storage market growth is driven by various factors. The solar-powered cold storage market is expanding rapidly, propelled by rising demand for sustainable, off-grid refrigeration solutions. These systems are especially favored in areas with limited access to electricity, offering a reliable and eco-friendly alternative to conventional cold storage methods. Government incentives and regulations promoting renewable energy adoption are also driving market growth. Additionally, technological advancements, including increased efficiency and affordability of solar panels and storage batteries, are further boosting the market. Hence, all these factors contribute to solar-powered cold storage market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

By Technology:

Solar Photovoltaic Systems

Solar Thermal Systems

By Storage Capacity:

Small Scale (Below 1000 cubic feet)

Medium Scale (1000 - 5000 cubic feet)

Large Scale (Above 5000 cubic feet)

By Application:

Agriculture

Food & Beverage

Pharmaceuticals

Chemicals

Others

By End-Use:

Commercial

Industrial

Agricultural

Segmentation By Region:

North America:

United States

Canada

Asia Pacific:

China

India

Japan

Australia & New Zealand

Association of Southeast Asian Nations (ASEAN)

Rest of Asia Pacific

Europe:

Germany

The U.K.

France

Spain

Italy

Russia

Poland

BENELUX (Belgium, the Netherlands, Luxembourg)

NORDIC (Norway, Sweden, Finland, Denmark)

Rest of Europe

Latin America:

Brazil

Mexico

Argentina

Rest of Latin America

The Middle East & Africa:

Saudi Arabia

United Arab Emirates

South Africa

Egypt

Israel

Rest of MEA (Middle East & Africa)

Who are the key players operating in the industry?

The report covers the major market players including:

Bright Biomethane

Ecozen Solutions

Promethean Power Systems

ColdHubs

Enexor BioEnergy

Sure Chill

Dulas Ltd.

SolCool One

Cold Chain Technologies

Eco-Fridge

SunDanzer

View Full Report: https://www.reportsandinsights.com/report/Solar Powered Cold Storage-market

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

About Us:

Reports and Insights consistently mееt international benchmarks in the market research industry and maintain a kееn focus on providing only the highest quality of reports and analysis outlooks across markets, industries, domains, sectors, and verticals. We have bееn catering to varying market nееds and do not compromise on quality and research efforts in our objective to deliver only the very best to our clients globally.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact Us:

Reports and Insights Business Research Pvt. Ltd. 1820 Avenue M, Brooklyn, NY, 11230, United States Contact No: +1-(347)-748-1518 Email: sales@reportsandinsights.com Website: https://www.reportsandinsights.com/ Follow us on LinkedIn: https://www.linkedin.com/company/report-and-insights/ Follow us on twitter: https://twitter.com/ReportsandInsi1

[umangseo]

Powering Progress: The Rise of Renewable Energy Projects in Monroe, Michigan.

In recent years, Monroe, Michigan, has emerged as a focal point for renewable energy projects, marking a significant shift towards sustainability and a cleaner future. Located in the heart of the Great Lakes region, Monroe has traditionally been associated with its industrial heritage, particularly in the automotive sector. However, with growing concerns about climate change and a greater emphasis on reducing carbon emissions, the landscape is rapidly changing, ushering in a new era of renewable energy.

One of the most notable developments in Monroe's renewable energy landscape is the proliferation of solar farms. These vast expanses of photovoltaic panels harness the abundant sunlight that graces the region, converting it into clean, renewable electricity. With technological advancements driving down costs and increasing efficiency, solar power has become an attractive option for both homeowners and businesses alike. Projects such as the Monroe Solar Farm, spanning hundreds of acres, underscore the city's commitment to embracing sustainable energy solutions.

In addition to solar power, wind energy is also gaining momentum in Monroe. Situated along the shores of Lake Erie, the city benefits from consistent winds that are ideal for generating electricity through wind turbines. Wind farms, such as the River Ridges Wind Farm, have sprung up across the landscape, tapping into this natural resource to power homes, schools, and businesses. Beyond providing clean energy, these projects bring economic benefits to the community, creating jobs and stimulating local investment.

Moreover, Monroe is exploring innovative ways to integrate renewable energy into its infrastructure. The concept of microgrids, localized grids that can operate independently or in conjunction with the main power grid, is gaining traction. By incorporating renewable energy sources like solar panels and wind turbines, microgrids enhance energy resilience, reduce reliance on centralized power plants, and offer greater control over energy consumption. Initiatives such as the Monroe Microgrid Project exemplify the city's forward-thinking approach to energy management.

The transition to renewable energy in Monroe is not without its challenges. Concerns about intermittency, grid stability, and land use must be carefully addressed to ensure the reliable and efficient operation of renewable energy systems. Moreover, navigating regulatory frameworks and securing financing can pose obstacles for developers looking to invest in clean energy projects. However, with the support of local government, private sector partnerships, and community engagement, these challenges can be overcome.

Furthermore, the shift towards renewable energy in Monroe aligns with broader trends at the state and national levels. Michigan, like many states, has set ambitious clean energy goals aimed at reducing greenhouse gas emissions and increasing the share of renewable energy in the overall energy mix. Legislative initiatives, such as the Michigan Clean Energy Plan, provide a roadmap for transitioning to a more sustainable energy future. By embracing renewable energy projects, Monroe not only contributes to these goals but also positions itself as a leader in the clean energy transition.

The benefits of renewable energy extend beyond environmental considerations. By diversifying the energy portfolio, reducing reliance on fossil fuels, and promoting energy independence, Monroe strengthens its resilience to external shocks and market volatility. Furthermore, the adoption of renewable energy creates opportunities for innovation, job creation, and economic growth, driving prosperity for the community and future generations.

As Monroe continues to embrace renewable energy projects, collaboration and cooperation will be essential. Public-private partnerships, technological innovation, and community involvement are key pillars in advancing the clean energy agenda. By leveraging its natural resources, harnessing the power of innovation, and fostering a culture of sustainability, Monroe paves the way for a brighter, greener future.

In conclusion, the rise of renewable energy projects in Monroe, Michigan, marks a transformative moment in the city's history. From solar farms to wind turbines to microgrids, a diverse array of initiatives is driving the transition towards a more sustainable energy landscape. By embracing renewable energy, Monroe not only mitigates the impacts of climate change but also reaps economic, social, and environmental benefits. As the momentum continues to build, Monroe stands poised to lead the way towards a cleaner, more resilient future.

[warningsine]

Global investment in clean energy will reach $2 trillion (€1.84 trillion) this year, twice the amount invested in fossil fuels, according to the International Energy Agency (IEA).

"For every dollar going to fossil fuels today, almost two dollars are invested in clean energy," said IEA Executive Director Fatih Birol.

Clean technologies include renewables, electric vehicles, nuclear power, grids, storage, low-emissions fuels, efficiency improvements and heat pumps.

Meanwhile, total energy investment is expected to exceed $3 trillion for the first time in 2024, the agency said in its annual World Energy Investment report.

In 2023, combined investment in renewable electricity and grids surpassed the amount spent on fossil fuels for the first time.

Solar investment surpasses other forms of energy

According to the report, more money is going into solar photovoltaic (PV) panels than all other electricity generation technologies combined.

Solar panel costs have decreased by 30% over the past two years and in 2024 "investment in solar PV is set to grow to $500 billion as falling module prices spur new investments."

China is set to account for the largest share of clean energy investment in 2024 with an estimated $675 billion, while Europe is set to account for $370 billion and the United States $315 billion.

Lack of investment in some regions

By comparison, global upstream oil and gas investment is expected to increase by 7% to $570 billion in 2024, following a similar increase in 2023.

National oil companies in the Middle East and Asia have been the main drivers of this growth, the report said.

The IEA warned that meeting medium-term global targets to reduce harmful carbon emissions would require a doubling of global investment in renewable energy by 2030.

However, there are still energy investment shortfalls in parts of the world, such as emerging markets and developing economies outside China, the agency added.

The IEA warned that prohibitively high costs were causing "major imbalances and shortfalls in energy investment flows in many parts of the world."

dh/ab (AFP, Reuters)

[9389343159-h]

Green Building Construction

Green Building Basics Green building is changing the way we think about how buildings and communities are designed, built and used. This sustainable approach to construction emphasizes resource efficiency, environmental responsibility and the well-being of occupants throughout the life cycle of the building - from investment to design, construction, operation, maintenance, renovation and demolition. In this blog, we explore the main principles, benefits and practices associated with green building.

What is a green building? Green building, also known as sustainable or green building, refers to the practice of creating buildings using processes that are environmentally sustainable and resource efficient. The purpose of this type of construction is to reduce the total impact of the built environment on human health and nature.

Basic principles of green building Energy efficiency: Green buildings consume less energy due to efficient design and use of renewable energy sources. Features such as solar panels, energy-efficient lighting and efficient windows reduce energy consumption.

Saving water: In terms of saving water, the introduction of water-saving systems and furniture, water recycling and the use of drought landscape is important.

Sustainable materials: Using recycled, reusable or sustainable materials minimizes environmental impact. This includes materials such as bamboo, recycled steel and reclaimed wood.

Quality of the indoor environment: ensuring good indoor air quality, natural light and adequate ventilation improves the comfort and health of the residents.

Selection and design of the site: The choice of locations that reduce the environmental impact and the harmonious integration of the building with its surroundings are crucial. This includes, for example, public transport access and the preservation of local ecosystems.

Waste reduction: Green building practices aim to reduce waste during construction and throughout the life cycle of a building. This includes recycling construction waste and designing buildings for adaptation and decommissioning.

Advantages of Green Building Environmental Benefits

Reduction of Energy and Water Use: Green buildings significantly reduce energy and water consumption, greenhouse gas emissions and conserve valuable natural resources. Less waste: By using sustainable materials and recycling construction waste, green buildings help reduce landfill. Enhanced Biodiversity and Ecosystems: Thoughtful site selection and sustainable landscaping practices help preserve local flora and fauna.

Financial benefits

Lower operating costs: Energy-efficient systems and water-saving technologies result in significant savings for utilities. Higher property value: Green buildings often have a higher market value due to their efficiency and sustainability. Financial Incentives: Many governments offer tax incentives, rebates and grants for green building projects.

Social benefits

Better health and well-being: better indoor air quality, natural light and better ventilation improve the health and comfort of residents. Increased productivity: Studies have shown that residents of green buildings are often more productive and satisfied with their environment. Community and Social Impact: Green buildings can foster community through shared spaces and promote sustainable lifestyles.

Green Building Practices Energy Efficient Design

Passive Solar Design: Buildings are oriented and designed to maximize natural solar heating and cooling, reducing the need for artificial air conditioning. Insulation and airtightness: Proper insulation and sealing prevents energy loss, making heating and cooling more efficient. Efficient windows and doors: they reduce energy loss and improve thermal comfort. Integrating renewable energy Solar panels: Photovoltaic systems convert sunlight into electricity, reducing dependence on fossil fuels. Wind turbines: In areas with sufficient wind, turbines can cover a significant part of a building's energy needs. Geothermal systems: These systems use the constant temperature of the earth for heating and cooling. Water management Low-flow fixtures: Installing low-flow toilets, faucets and showerheads reduces water use. Rainwater harvesting: Collection and storage of rainwater for non-potable uses such as irrigation and toilet flushing saves water. Gray water reuse: Reusing water from pools and showers to flush landscaping or toilets reduces overall water use. Sustainable materials and resources

Recycled content: Using materials made from recycled products reduces the need for new materials. Local Sourcing: Sourcing materials locally reduces transport emissions and supports the local economy. Sustainable wood: using wood from sustainably managed forests ensures the recovery of wood supplies. A healthy indoor environment

Non-toxic materials: Choosing paints, adhesives and finishes that produce little or no volatile organic compounds (VOCs) improves indoor air quality. Ventilation systems: Ensuring adequate ventilation helps remove contaminants and maintain a healthy indoor environment. Natural light: Maximizing natural light reduces the need for artificial light and improves passenger comfort. Green building certifications Various certification systems have been developed to ensure that buildings meet certain sustainability standards. The best known are:

LEED (Leadership in Energy and Environmental Design): a globally recognized certificate that evaluates the level of environmental protection of a building. BREEAM (Building Research Assessment Methodology: A method for assessing the environmental impact of buildings widely used in Europe. IGBC (India Green Building Council): An Indian certification scheme that promotes sustainable building practices. Conclusion Green building is not just a trend, but a necessary progress in creating your built environment. With a focus on sustainability, energy efficiency and occupant health, green buildings offer many benefits that extend beyond their walls. They have a vital role to play in responding to global challenges such as climate change, natural resource depletion and urbanization. As more people realize the importance of these practices, the adoption of green building techniques continues to grow, paving the way for a more sustainable future.

BLOG BY:- https://hardik.digitallearningpoint.com/ .

[swissforextrading]

The bright future of solar energy

24.05.24 - Solar energy, which is both abundant and free, is poised to become the world’s leading power source by 2050. That’s thanks largely to technological advances and the unbridled manufacturing of solar cells, which bodes well for a successful energy transition. The sun’s rays are the source of all the Earth’s renewable energy. This manna from heaven supplies the equivalent of one barrel (159 liters) of oil per square meter per year – at least in sunny regions, like Switzerland’s canton of Valais – at no cost. What’s more, our capacity for turning solar energy into electrical power is on the rise. That’s partly because engineers are constantly making improvements to boost the yields of photovoltaic (PV) cells, and partly (or even mostly) because both supply and demand for these units are booming. Nearly 375 GW of solar-panel capacity was installed globally in 2023. That’s four times more than in 2019 and 20 times more than in 2010. It’s a lot, but still not enough. Christophe Ballif, the head of EPFL’s Laboratory of Photovoltaics and Thin-Film Electronics (PV Lab) in Neuchâtel, puts these figures in perspective: “By 2050, we’ll need to replace 80% of the fossil fuels we currently use with clean energy. It’s a huge challenge. If we continue at the same pace as in 2023, when 375 GW of solar capacity and 110 GW of wind capacity were installed, then it’ll take around 120 years to get there. But our goal is to accomplish the energy transition in 30 years – a more reasonable time frame in light of the climate crisis. That means we’ll need to increase annual solar capacity installation by a factor of nearly four, to 1,500 GW.” Yet he thinks this is possible: “China has invested between $60 billion and $80 billion over the past three years in new manufacturing capabilities for everything from polysilicon to complete solar units. By next year at the latest, it should have the required production capacity. But this Herculean effort on the supply side is actually coming a little too soon. We’re clearly in a situation of overcapacity.” A combination of solar and wind Solar power will make up a sharply growing share of the world’s energy mix, which is good news. In Switzerland, the government has introduced targets for transitioning to solar and other kinds of renewable energy by 2050. The goal is to have renewables supply 45 TWh, or more than half of the country’s total power demand based on current levels. Experts agree that the most effective way to reach this target is to combine solar with other forms of clean energy: hydropower, of course, but ideally also a sizable amount of wind power. To be employed with power grids, both solar and wind power need to be coupled with one or more storage systems such as batteries, dams and synthesis gas. For batteries in particular (including EV batteries), China is once again the world’s manufacturing powerhouse. Here too, the country has made massive investments in new facilities. “China is flooding the market and overproducing to the point where prices are collapsing, for both batteries and solar units,” says Ballif. “That’s good for consumers and the energy transition in general, but it will create a form of dependency that we don’t want. Governments in other regions, including in Europe, need to build and expand their manufacturing capacity in order to make the market more resilient.” Illustration Éric Buche Neuchâtel: A hub of yield-boosting technology That said, it’s not easy to invest in capacity when you’re up against that kind of competition. But it is possible to find ways of doing things better, or differently. Engineers at Ballif’s lab and at the Centre Suisse d’Électronique et de Microtechnique (CSEM) in Neuchâtel, where Ballif also heads a research group, have developed methods for considerably increasing the yields of PV cells. Some of their technology is being implemented in China’s new factories. For instance, the engineers designed “tandem” cells consisting… http://actu.epfl.ch/news/the-bright-future-of-solar-energy (Source of the original content)

[navalvessels]

Harnessing the Sun: The Rise of Solar Power in Greece

Introduction

Greece, known for its abundant sunshine and picturesque landscapes, is embracing solar power as a key component of its renewable energy transition. Greece Power Market With ample sunlight year-round, Greece has the potential to become a leader in solar energy production, reducing reliance on fossil fuels and mitigating the impacts of climate change. This article explores the rapid growth of solar power in Greece, highlighting its benefits, challenges, and future prospects in the country's energy landscape.

Solar Energy Potential in Greece

Abundant Sunshine

Greece enjoys more than 300 days of sunshine per year, making it an ideal location for solar energy generation. The country's geographic location in the Mediterranean region ensures consistent solar radiation levels throughout the year, providing a reliable source of renewable energy. Solar photovoltaic (PV) panels installed on rooftops, solar farms, and other structures harness sunlight to generate electricity, contributing to Greece's energy independence and sustainability goals.

Renewable Energy Targets

In alignment with European Union (EU) directives and climate commitments, Greece has set ambitious targets for renewable energy deployment, aiming to increase the share of renewables in its energy mix. Solar power plays a central role in Greece's renewable energy strategy, with targets to expand solar capacity and reduce greenhouse gas emissions. Government incentives, subsidies, and support schemes have incentivized investment in solar energy projects and accelerated the transition to clean energy.

Solar Power Expansion and Investment

Utility-Scale Solar Farms

Greece has experienced a boom in utility-scale solar farm development, with large-scale installations contributing significantly to the country's solar capacity. Solar parks with capacities ranging from a few megawatts to hundreds of megawatts are being developed across Greece, leveraging economies of scale and favorable solar conditions. These utility-scale projects feed clean energy into the national grid, displacing fossil fuel-based generation and reducing carbon emissions.

Residential and Commercial Solar Installations

In addition to utility-scale projects, Greece has witnessed a surge in residential and commercial solar installations, driven by declining solar panel costs and favorable regulations. Homeowners, businesses, and public institutions are investing in rooftop solar PV systems to generate their own electricity and reduce energy bills. Net metering and feed-in tariffs enable solar system owners to sell surplus electricity to the grid, providing a financial incentive for solar adoption.

Benefits of Solar Power Adoption

Clean and Renewable Energy

Solar power offers a clean and renewable energy source that reduces greenhouse gas emissions and mitigates climate change. By harnessing the abundant sunlight available in Greece, solar energy displaces polluting fossil fuels and contributes to a more sustainable energy future. Solar power also helps diversify Greece's energy sources, enhancing energy security and resilience to external shocks.

Job Creation and Economic Growth

The expansion of the solar industry in Greece has created jobs and stimulated economic growth, supporting local communities and businesses. From project development and construction to operations and maintenance, solar energy projects generate employment opportunities across the value chain. The growth of the solar sector attracts investment, fosters innovation, and stimulates ancillary industries, contributing to Greece's economic development.

Challenges and Considerations

Grid Integration and Stability

The intermittent nature of solar power presents challenges for grid integration and stability, particularly as solar penetration increases. Greece's grid infrastructure must be upgraded and modernized to accommodate higher levels of solar generation, ensuring reliable electricity supply and grid stability. Investments in grid infrastructure, energy storage, and demand-side management are essential to address these challenges and optimize solar power integration.

Land Use and Environmental Impact

Large-scale solar farms require significant land area for installation, raising concerns about land use conflicts and environmental impact. Balancing the need for renewable energy development with environmental conservation and biodiversity protection is crucial to ensure sustainable land management practices. Site selection, environmental impact assessments, and stakeholder engagement are essential for minimizing the ecological footprint of solar projects and preserving natural habitats.

Future Outlook and Opportunities

Technological Innovation

The future of solar power in Greece lies in technological innovation and advancements that enhance efficiency, reliability, and affordability. Research and development in solar PV technology, energy storage, and grid integration solutions will drive continuous improvement and cost reduction, making solar energy even more competitive and accessible. Emerging technologies such as floating solar, building-integrated photovoltaics (BIPV), and solar tracking systems offer new opportunities for expanding solar capacity and maximizing energy yield.

Community Solar and Shared Ownership

Community solar initiatives and shared ownership models empower communities to participate in and benefit from solar energy projects. By pooling resources and collective investment, community members can access solar energy, reduce energy costs, and support local renewable energy development. Community solar projects promote energy democracy, social equity, and community resilience, fostering a sense of ownership and pride in the transition to clean energy.

Conclusion

Greece's embrace of solar power represents a significant step towards a more sustainable and resilient energy future. With abundant sunshine, ambitious renewable energy targets, and supportive policies, Greece is poised to harness the sun's energy to power its economy and society. By overcoming challenges, embracing innovation, and fostering collaboration, Greece can lead the way in solar energy adoption, driving progress towards a cleaner, greener, and more prosperous future for generations to come. Buy the Full Report to Gain More Information on the Greece Power Market Forecast, Download A Free Report Sample