Expected Solar Energy Trends in 2023
Solar energy and its utilization to produce electricity has come out to be a lifesaver for humanity and the earth. Centuries of burning fossil fuels to fulfill the increasing electricity demands have put the planet in a dangerous state, and if not controlled, we will have to face a graver threat than Covid-19. Solar power has proved to be a viable countermeasure approach against rising pollution and a non-toxic way of energy generation. Because of the coronavirus pandemic, the graph of solar installations went down all over the world, and the whole world saw a decline in solar energy projects. It was caused by many reasons, such as supply chain breaks, lockdown all over the world, etc. The new year has brought new hope, and the trends expected in 2023 are as follows:
Increased Solar Projects and Installations
The most positive news for the solar market in 2023 was the fact that the pandemic had no impact on the way people thought about switching to solar energy. Instead, people were now more willing to invest in solar power because of its obvious monetary and environmental benefits. The International Energy Agency (IEA) forecasts an increase of around 46% in solar installations. The agency expects the solar projects to grow more than 980 GW in capacity. The reason is that both the governments and the citizens are now keen to make use of the free energy source available to us.
Improved Solar Modules Efficiency
Solar inverters that work with optimum efficiency of more than 98% have been in use for quite a time now, but the efficiency of solar modules has progressed slowly. The first solar panel invented in the 1960s was only 6% efficient, and the latest solar modules today are up to 24% efficient. The past year where saw a decrease in project installations, the research and innovation sector also came to a halt. Expectedly, the PV manufacturers aim to produce solar modules that have a high electricity generation capacity as well as efficiency. The new targets expected to achieve in 2023 includes a module with more than 900W capacity and 32% efficiency.
More Solar Cars on The Roads
Pakistan may not be a part of it for now, but 2023 is predicted to have more solar cars on the roads than ever so far. Solar cars are the vehicles that use PV technology to power their engines and move. The market is expected to see an increase of 329.5 million dollars by 2023 which is around 46% of the current market. Increased concern for the environment and the innovation in electric cars that allows them to use solar energy has prompted the forecast in the solar car market.
Pakistan and China to Invest In Solar Energy
The two countries plan to make huge investments in the renewable energy sector especially solar energy to overcome energy and environmental crises. The country may see increased investment from the government as well as from China in solar energy which establishes it to be the right time to switch to solar.
Solar Roads Projects Will Begin
We have covered solar roads in our blog on the latest solar technology. The idea behind these roads is to use asphalt and PV material together to make a road that can bear the weight of the cars as well as produce electricity. Roads cover approximately 0.5% of the earth’s surface, and if the projects are successful the new era of energy technology will mark its beginning from 2023.
Micro Inverters Will Be More Common
The inverters that are normally in use in Pakistan are string inverters, which is a great technology but has been outclassed by the microinverter tech. By the end of 2023, it is expected that microinverters will be more commonly available in Pakistan as the technology is shifting from string to micro tech. The process of transition will be similar to the one that took place when monocrystalline panels took over the market from polycrystalline panels. Now every new technology such as half-cell PERC is available in monocrystalline modules and in the same way, new inverter technologies such as thin-film will be available in micro inverters.
Increase in Jobs and Career Paths
One of the many setbacks of 2020 was unemployment as numerous corporations started downsizing because they could not pay the same number of employees in the epidemic as they used to in the post-pandemic situation. The increase expected in the number of projects and solar installations in 2023 is also expected to create more jobs and career opportunities. According to an estimate from the International Renewable Energy Agency (IRENA), each 1 million dollars invested in renewable energy can create 25 jobs. It means that with more people investing in the renewable energy sector.
Premier Energy’s Vision For 2023
Premier Energy by the dint of hard work and support from the community was able to make more than a few achievements to its name. We have been keeping a keen eye on the trends for 2023 as we want to make the most of it. We plan to make this year more profitable for our organization, employees, and the people who trust in our superior services by bringing in the best technology at the most affordable and budget-friendly prices. We hope that the year 2023 will be a year of hope and healing for everyone.