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Det Norske Veritas DNV said in its latest technical report that global solar installed capacity will double by 2025 and quadruple to 3,000 GW
by 2030.
Global solar power generation could grow 30-fold from 190 TWh in 2019 to 22,000 TWh by 2050, according to the report, and will account for the largest share
of new renewable energy capacity.
Over the past few years, the solar industry has transitioned to more efficient passivated emitter post-contact (PERC) technology
by upgrading existing production lines and developing new manufacturing capabilities.
This has enabled the industry to deploy bifacial cell and module technology that harvests energy from both sides of the panel and increases power generation
.
In addition, module manufacturers have developed half-cell modules and new multi-busbar silicon modules to reduce metallization costs, thereby reducing overall module costs while improving efficiency
.
The report notes that solar module manufacturers will continue to optimize designs and reduce production costs
over the next decade.
In addition, new large-scale batteries and modules are expected to reduce manufacturing and system installation costs while increasing efficiency
.
This, coupled with inverters, trackers, and rack solutions for solar systems, continues to increase energy yield, further reducing costs
.
Det Norske Veritas DNV said in its latest technical report that global solar installed capacity will double by 2025 and quadruple to 3,000 GW
by 2030.
Global solar power generation could grow 30-fold from 190 TWh in 2019 to 22,000 TWh by 2050, according to the report, and will account for the largest share
of new renewable energy capacity.
Over the past few years, the solar industry has transitioned to more efficient passivated emitter post-contact (PERC) technology
by upgrading existing production lines and developing new manufacturing capabilities.
This has enabled the industry to deploy bifacial cell and module technology that harvests energy from both sides of the panel and increases power generation
.
In addition, module manufacturers have developed half-cell modules and new multi-busbar silicon modules to reduce metallization costs, thereby reducing overall module costs while improving efficiency
.
The report notes that solar module manufacturers will continue to optimize designs and reduce production costs
over the next decade.
In addition, new large-scale batteries and modules are expected to reduce manufacturing and system installation costs while increasing efficiency
.
This, coupled with inverters, trackers, and rack solutions for solar systems, continues to increase energy yield, further reducing costs
.
