Application prospects of solar power generators

What are the future prospects of solar energy?

4. Future prospects of solar technology Solar energy is one of the best options to meet future energy demand since it is superior in terms of availability, cost effectiveness, accessibility, capacity, and efficiency compared to other renewable energy sources , .

Is solar PV a competitive source of new power generation capacity?

Solar PV is emerging as one of the most competitive sources of new power generation capacity after a decade of dramatic cost declines. A decline of 74% in total installed costs was observed between 2010 and 2018 (Figure 10).

Is the future of solar PV employment bright?

Despite setbacks, there is reason to believe that the future of solar PV employment is nonetheless bright, given the urgency for more ambitious climate and energy transition policies, as well as the expectation that countries are learning important lessons on the design and coherence of policies.

How can advanced weather forecasting improve the reliability of solar generation?

Advanced weather forecasting can help reduce the uncertainty of solar generation. Enhancements from the use and management of big data and artificial intelligence can increase the accuracy of the forecast and hence the overall reliability of the system.

What are the different types of active solar energy technology?

In general, active solar energy technology can be further grouped into two categories: (i) photovoltaic technology and (ii) solar thermal technology . In recent years, photovoltaic technology involving the use of semiconductors to convert sunlight directly into electrical energy has become a highly desirable option .

Are solar PV installations eligible for government rebates?

Once accredited with the Clean Energy Council, solar PV installations are eligible for government rebates such as Small-scale Technology Certificates and feed-in tarifs.