Future of Renewable Energy

FUTURE OF RENEWABLE ENERGY

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Cheaper solar energy production in 2024

According to Earth.Org, solar energy will become 35% cheaper in 2024. There is more evidence to back this up.

Improvement in technology and economies of scale are the main reasons behind the declining costs of solar energy.

RENEWABLE ENERGY MARKET

9 5 As of 2022, stakeholders are investing in solar energy production plants and projects, which will eventually help to confidently integrate variable renewables such as wind and solar into the electric grid. All-in-all good news for those of us in the solar power industry.

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Renewables capacity in transmission queues

INFRASTRUCTURE DEVELOPMENT

Using solar energy helps in building infrastructure focusing on industrial development. Various industrial applications including water desalination, enhanced oil recovery, food processing, chemical production & mineral processing can be powered using solar energy.

SUPPLY CHAIN ECOSYSTEM

In 2021, solar energy providers remained under pressure because of the higher demand and lowered supply, shortage of components, rising shipping costs and expensive labour. In 2022, renewable energy developers will likely continue to seek alternative suppliers.

SUSTAINABLE GROWTH

In 2022, end-of-life (EoL) management strategies for the renewable energy industry will likely capture attention. EoL management can help in managing environmental sustainability by reducing waste, increasing resource security and adding financial value to the business.

WE ARE HERE TO HELP! To know more about solar energy trends and installation

CONTACT US 1300-946-524

www.solaristech.com.au