popular articles

RatedPower Unveils 2023 Renewable Industry Trends

The year 2022 has seen many disruptions in supply chains. Despite this, the renewable energy sector continues to grow, driven by the energy transition and the search for alternative energy sources to fossil fuels.

Please share:

RatedPower, now part of Enverus, the most trusted SaaS energy platform, has released its annual findings from nearly 100 diverse industry experts from around the world, as well as over 101,000 simulations. According to the results, the focus in 2023 will be on accelerating the adoption of renewable energy generation, reducing the discounted cost of electricity, diversifying energy sources, and investing in energy storage.

Challenges to be met

After years of falling costs, the renewable energy industry faced new challenges in 2022. Supply chain disruptions related to the pandemic have resulted in higher equipment prices and reduced availability. However, new global capacity installations continued to increase as the pandemic, coupled with the energy crisis, prompted governments and businesses to increase their investments in clean energy and reduce their dependence on imported fossil fuels.

A Green Direction for a Clean Energy Future

“In the coming year, we expect the green transition to provide a huge boost to investment in solar photovoltaic (PV) panels – for residential, commercial and industrial installations, as well as large-scale utility installations. The industry is increasingly looking for ways to incorporate battery storage and clean, green hydrogen into renewable installations to maximize supply,” said Andrea Barber, vice president of energy and renewables at Enverus and co-founder of RatedPower when the report was released.

Diversification, a key to success

To gain a better understanding of the state of the industry and key trends for this year and beyond, RatedPower engaged more than 100 experts from energy companies of all sizes around the world and conducted an in-depth survey that includes their opinions on the challenges and opportunities ahead. In addition, the report analyzes data from RatedPower’s solar plant simulation software to highlight key trends and the world’s top manufacturers in 2022.

 

Register free of charge for uninterrupted access.

Publicite

Recently published in

German group Next2Sun signs an agreement with Chinese manufacturer Huasun Energy to become the exclusive European distributor of ultra-high bifaciality solar modules for vertical photovoltaic systems.
Pivot Energy has secured a $200mn tax credit purchase commitment to finance 40 community solar projects across eight U.S. states.
Pivot Energy has secured a $200mn tax credit purchase commitment to finance 40 community solar projects across eight U.S. states.
LONGi will supply its Hi-MO 9 solar modules to ENGIE for large-scale projects in the MENA region, marking a new phase in industrial adoption of back contact technology.
LONGi will supply its Hi-MO 9 solar modules to ENGIE for large-scale projects in the MENA region, marking a new phase in industrial adoption of back contact technology.
Hydro-Québec launches a 300 MW call for interest to initiate an investment plan targeting 3,000 MW of solar by 2035, marking a new strategic direction for the state-owned utility.
Hydro-Québec launches a 300 MW call for interest to initiate an investment plan targeting 3,000 MW of solar by 2035, marking a new strategic direction for the state-owned utility.
The Quebec government announces a new solar energy initiative, partially addressing a proposal submitted by the opposition in 2024.
EDP Renewables North America strengthens its presence in the Central Valley with a new solar and storage project, bringing its California portfolio to over 1.1 GW.
EDP Renewables North America strengthens its presence in the Central Valley with a new solar and storage project, bringing its California portfolio to over 1.1 GW.
Cypress Creek Renewables secured $150mn in financing to begin construction of a 104MW solar park in Washington State, with commissioning expected by mid-2026.
Cypress Creek Renewables secured $150mn in financing to begin construction of a 104MW solar park in Washington State, with commissioning expected by mid-2026.
SkyFire Energy achieves 10 MW of installed solar capacity in partnership with Jayman BUILT and launches a new donation cycle to associations, including Discovery House in Calgary.
SkyFire Energy achieves 10 MW of installed solar capacity in partnership with Jayman BUILT and launches a new donation cycle to associations, including Discovery House in Calgary.
Two solar plants developed in Michigan by DESRI and Ranger Power enter construction phase after securing financing from a banking consortium.
The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.
The US announcement of tariffs exceeding 3,500% on Southeast Asian solar panels is pushing manufacturers to shift focus toward high-potential regional markets.
Swift Current Energy’s Double Black Diamond project is now operational, becoming the largest solar facility in the region with 800 MW capacity and a supply contract including the City of Chicago.
Swift Current Energy’s Double Black Diamond project is now operational, becoming the largest solar facility in the region with 800 MW capacity and a supply contract including the City of Chicago.
Panasonic has permanently ended its residential solar and storage activities, while continuing to publicly promote these technologies, raising questions about the coherence of its strategy.
Panasonic has permanently ended its residential solar and storage activities, while continuing to publicly promote these technologies, raising questions about the coherence of its strategy.
Croatian ENNA Solar acquires an 87.5 MW solar project in Romania from Kraftfeld Energy and plans to start construction in the third quarter of 2025.
Qatar inaugurated two photovoltaic plants totalling 875 MW, doubling its solar capacity and strengthening its energy goals for 2030.
Qatar inaugurated two photovoltaic plants totalling 875 MW, doubling its solar capacity and strengthening its energy goals for 2030.
Solaria has signed a ten-year Power Purchase Agreement with Trafigura for 1 TWh of solar energy from the Cifuentes-Trillo photovoltaic complex in Spain.
Solaria has signed a ten-year Power Purchase Agreement with Trafigura for 1 TWh of solar energy from the Cifuentes-Trillo photovoltaic complex in Spain.
Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.
Axpo and EDF Renewables Hellas have signed a short-term power purchase agreement for the output of two solar plants in Greece, with a total capacity of 102 megawatts.
TotalEnergies ENEOS has launched its largest rooftop solar project in Vietnam to supply Samsung Electronics HCMC CE Complex operations in Ho Chi Minh City.
The US solar industry is expected to add 502 GWdc of capacity to the market by 2035. However, political uncertainty could jeopardize these projections, putting future investments at risk.
The US solar industry is expected to add 502 GWdc of capacity to the market by 2035. However, political uncertainty could jeopardize these projections, putting future investments at risk.
The UK government has introduced an amendment aimed at preventing its public company from buying components linked to forced labour, which could impact the supply of Chinese solar panels.
The UK government has introduced an amendment aimed at preventing its public company from buying components linked to forced labour, which could impact the supply of Chinese solar panels.
CATL introduced several innovative batteries for electric vehicles, including the Naxtra, the first series-produced sodium-ion battery, and the Freevoy, marking the entry into the era of multiple power sources.
CATL introduced several innovative batteries for electric vehicles, including the Naxtra, the first series-produced sodium-ion battery, and the Freevoy, marking the entry into the era of multiple power sources.
After a one-year interruption, the Noor Ouarzazate III solar plant, with a capacity of 150 MW, has been brought back into operation by the Masen group. This event highlights Morocco's ambitions in renewable energy and energy transition.
Algeria explores a partnership with Chinese giant LONGi to launch local solar panel production. This initiative is part of the country's energy diversification strategy.
Algeria explores a partnership with Chinese giant LONGi to launch local solar panel production. This initiative is part of the country's energy diversification strategy.
The United States plans to impose heavy tariffs on solar panels from four Asian countries, citing transnational subsidies supported by China.
The United States plans to impose heavy tariffs on solar panels from four Asian countries, citing transnational subsidies supported by China.
Chinese group Das Solar begins construction of its first European factory in Mandeure, with an initial 2 GW capacity and the planned creation of 600 jobs.
Chinese group Das Solar begins construction of its first European factory in Mandeure, with an initial 2 GW capacity and the planned creation of 600 jobs.

Advertising