tags: RES, RENEWABLE ENERGY SOURCES
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| 9REN photovoltaic plant in Italy. |
A report by Navigant Research concludes that PhotoVoltaic energy will become the most competitive costs and generate revenues of 151,000 million dollars in 2024.
Navigant Research just published the Distributed SolarPV report, which highlights that the solar PV has established itself as an energy source with the potential to displace other technologies in the production of electricity by the end of this decade. It is anticipated that the era of the high costs and subsidies come to an end and photovoltaic solar energy will become the most competitive prices for retail electricity generating global revenues per year of more than 151,000 million dollars in 2024.
As stated in the report, international opportunities and competition will drive the leading companies along the value chain can rely on them to sustain their growth over the next ten years. Navigant analysts expect continued pressure on margins intensifying, encouraging greater vertical integration and promoting the market for mergers and acquisitions.
"The market for photovoltaic power generation distributed continues to deepen its transition from a strong dependence on a luxury aid and a rich owners and a highly developed environmental awareness to be a profitable source of electricity that is gaining ground across segments markets and types of customers, "said Roberto Rodriguez Labastida, senior research analyst with Navigant Research. "It is expected that the successful adoption of new business models to continue to promote further industry in its transition to a post-World incentives in most major markets."
The report also shows that market activity is shifting from Europe to Asia Pacific and the United States, as these markets are reaching maturity and grid parity in terms of costs. It also highlights the existence of significant business opportunities in other regions, led by Chile, South Africa and Middle East.
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| One Technician to level a PV module In CPV array. |
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Source: http://elperiodicodelaenergia.com/la-energia-fotovoltaica-se-impondra-por-costes-al-resto-de-tecnologias-a-finales-de-esta-decada/
