Panel The Planet

Scientists at the RWTH Aachen University have analyzed the influence that the political measures adopted by the German government to combat rising energy prices in recent years have had on residential PV system profitability and have concluded that price breaks on electricity gas do not “reverse” the economical advantage of deploying a solar array.

The researchers analyzed, in particular, the measures taken by the German authorities after the beginning of the COVID-19 crisis and those following the outbreak of the war in Ukraine. Their analysis focused on the possible savings achieved by PV investments made for single-family homes (SFH) during the period.

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Source: PV Magazine

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Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

In its annual investment report, World Energy Investment, the IEA also highlights that for every US dollar invested in fossil fuels, two US dollars will be invested in clean energy this year. This is an increase from last year when the ratio was at US$1 versus US$1.7, respectively. Globally, clean energy technologies and infrastructure investment are expected to reach US$2 trillion in 2024.

Falling module prices and easing supply chain pressures have offset the impact of high interest rates, as solar panel costs have decreased by 30% over the past two years. However, the growth of spending for renewables – and particularly distributed solar PV – is expected to continue at a slower pace in 2024 than previous years.

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Source: PV Tech

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