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Here's how things are going to change for your services
- Advancements in Solar Technology
- Increased Adoption of Solar Energy
- Integration of Smart Technology
- Expansion of Community Solar Projects
- Government Policies and Incentives
01.
Global solar project bidding continues to surge
In 2017, a total of 53 countries participated in the bidding or auction of photovoltaic projects, an increase of 21 compared to 32 in the second half of 2016. In 2018, it is expected that 29 new countries are implementing bidding or auction plans
02.
Global market diversification, but major countries still dominate
The number of countries installing 1GW or more annually will increase from 9 to 14. Countries such as Brazil, Egypt, Mexico, the Netherlands, and Spain crossed the threshold of 1GW for the first time in 2018
03.
Photovoltaics can compete or even compete with coal and natural gas
According to the Global Solar Demand Monitoring Report, recent bidding for photovoltaic projects is driving average PPA to compete with coal and natural gas costs
04.
Energy storage continues to be included in solar projects
The report states that over 350 bidding projects (83%) are for the development and storage of renewable energy