How will Irena impact solar PV investment in 2050?

Mobilising finance will be key, with IRENA’s roadmap estimates implying a 68% increase in average annual solar PV investment until 2050. Solar PV is a fast-evolving industry, with innovations along the entire value chain driving further, rapid cost reductions.

How can solar PV be adapted to off-grid applications?

Thanks to its modular and distributed nature, solar PV can be adapted to a wide range of off-grid applications and to local conditions, ranging from lanterns to household systems to village-powering mini-grids.

Do solar panels have a financial return on investment?

The financial return on investment from a solar project is directly related to the performance of the solar asset. Solar panels degrade over time and lose their efficiency. To maximize ROI, it is important to monitor and manage the performance of solar assets throughout their lifetime.

How to manage solar assets effectively?

The first step in effective solar asset management is understanding the different types of solar assets and their key characteristics. Solar panels and inverters are the two main types of solar assets, and each has its own unique set of performance metrics that need to be monitored.

How can a solar asset manager improve the performance of a PV system?

This is done by optimizing energy production and reducing operational and maintenance costs, which also extends the lifespan of PV equipment. Solar asset managers use data analytics to monitor PV system performance in real-time to achieve these goals.

Why is the solar PV panel market so competitive?

The high level of competition in the solar PV panel market, mainly due to the future market demand in and the competitiveness of leading countries, is compounded by the fact that transporting solar energy equipment is less cumbersome than transporting other renewable technologies (such as wind).