As the demand for solar energy climbs, the market will continue to evolve. BCC Research’s recent report on the solar energy market offers a comprehensive guide for those navigating this fast-changing space. Download your complimentary overview or purchase the report in full.
The result was confirmed by Germany’s Institute for Solar Energy Research Hamelin (ISFH). As the world’s leading solar technology company, Longi has achieved continual breakthroughs in PV conversion efficiencies.
Another key invention comes from an international research group that studied how down-conversion (DC) materials can improve the performance of PV cells based on perovskite. The team found that such materials could result in an electric yield enlargement by converting ultraviolet (UV) light to visible while also providing UV shielding.
Floating solar, also known as floatovoltaics or floating solar panels, are a lesser-known solar technology. These are, quite literally, solar panels that float on bodies of water. Reservoirs, lakes, and irrigation canals are common choices. They can generate large-scale power and while they aren’t currently in widespread use, they’re seeing increased commercial applications.
Some of the key benefits of floatovoltaics include:
Agrivoltaics is another innovative land-saving solar energy concept. It involves using land for both solar panels and agriculture, with both sharing the same light. While it has great potential in promoting a circular economy and increasing production efficiency for agriculture, there are concerns that optimal crop yields would be more difficult to attain.
Agricultural land is generally incredibly well suited to solar. As opposed to barren land, more power can be generated on agricultural plots. This is primarily because photovoltaic systems tend to decrease in efficiency at higher temperatures, and farmland is usually found in moister areas.
With more and more land being used for solar, in the near future, it’s likely that competition for farmland will increase – agrivoltaics can help avoid this. Assuming a median power potential of 28 W/m2 as claimed by SolarCity, a Californian company now acquired by Tesla, one report estimates that covering less than 1% of the world’s cropland with conventional solar arrays could generate all the world’s current electricity demands. In the future, its likely that agrivoltaics will be increasingly adopted.
Solar energy is a broad industry with a high level of diversity, creativity and flexibility. The industry has a strong degree of tolerance for experimentation and risk-taking, which is resulting in the continued growth and acceptance of the industry’s legitimacy.
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