The direction of solar power industry development

Is solar energy a first step towards developing solar energy?

Through a systematic literature survey, this review study summarizes the world solar energy status (including concentrating solar power and solar PV power) along with the published solar energy potential assessment articles for 235 countries and territories as the first step toward developing solar energy in these regions.

How will the future of solar energy be shaped?

Changes across the wider energy system, like the increased electrification of buildings and vehicles, emergence of clean fuels, and new commitments to both equitability and a more circular, sustainable economy, will shape the future of solar energy.

Will sector coupling increase demand for solar energy?

Sector coupling of solar should provide a sharp increase in the overall demand for solar energy in the near future. While the cumulative installed capacity for green hydrogen is forecasted to grow from a mere 0.5 GW in 2021 to an enormous 350 GW by 2030, the electric vehicle market too is projected to grow sharply to USD 824 billion by 2030.

What is the status of solar technology developments?

The paper outlines the status of solar technology developments as covered in the World Solar Technology Report. A steady trend in technology improvements is observed, with crystalline solar PV being the dominant technology in the market.

Are solar photovoltaics ready to power a sustainable future?

Nat. Energy 3, 515–527 (2018). Victoria, M. et al. Solar photovoltaics is ready to power a sustainable future. Joule vol. 5 1041–1056 (Cell Press, 2021). Nemet, G. How solar energy became cheap: a model for low-carbon innovation. (Taylor & Francis, 2019). Rogers, E. Diffusion of Innovations. (Free Press, 2003). Farmer, J. D. & Lafond, F.

How can we increase solar investments to achieve energy transition objectives?

However, more needs to be done to increase solar investments to the required level to achieve energy transition objectives. This can be done through a variety of innovative instruments to mobilize finance.