A report prepared by RatedPower indicates that Spain is, along with China, the United States, Australia and India, the country with the greatest potential for growth and leadership in renewables, especially photovoltaic solar energy.
What Spain has enormous potential to become one of the leading nations in the renewable energy sector is something that more or less we all know.
And the report prepared by RatedPower, a technology company specializing in software development for the renewable energy sector. In this document, the growth potential in photovoltaic solar energy for 2022 of the most outstanding countries in this field is detailed and Spain appears in the Top 5.
China and the United States
Specifically, the report predicts that during this year China will grow 67% in this sense, only one percentage point above another giant, the United States. India and Australia follow with 47% and 44% respectively.
Already in 2021 a record number of 127 GW connected was reached and the forecast for this year is 200 GW
Spain is the fifth in the ranking and the first European nation with 37% growth potential during 2022, a remarkable figure considering its size in relation to the rest of its rivals in the photovoltaic sector.
These countries stand out for their policies to promote renewable energies, with the United States advancing towards the total decarbonization of its electricity grid in 2035 or India aspiring to exceed 500 GW of renewable power in 2030.
Record in 2022
The report prepared by 100 subject matter experts -32 of them employed exclusively in the photovoltaic sector, 11 with additional experience in wind power and the rest in other sectors such as nuclear, oil or gas- also indicates that in 2022 the photovoltaic production record will be exceeded.
Already in 2021 a record number of 127 GW connected was reached and the forecast for this year is 200GW. “Social awareness of the environmental impact of human activity has increased, and governments have committed to investing in renewable energy to contribute to economic recovery,” says RatedPower about the causes of this growth.
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Additionally, the study identifies various trends: 47% growth for bifacial modules, an increase in popularity from investors of string against central investors, and the growth in the use of fixed structures to the detriment of followers.
The biggest challenges
The group of experts selected by RatedPower indicates that the greatest challenges facing the solar sector are the slow processes and administrative procedures, as well as the saturation of the network and the increase in prices as a result of the scarcity of raw materials.
However, “the ambitious policies and acceleration of renewable deployment in China, the United States, Europe and Australia they are inspiring the necessary confidence in industry leaders to continue leading the growth of wind and solar power around the world”indicates the report.
Finally, RatedPower emphasizes the need for the industry to invest in solutions for the “energy storage and energy efficiency that complement daytime solar electricity generation”. This will allow. according to the majority of those consulted, to increase the horizon of solar and wind projects.
Intimately linked to all this appears the green hydrogen, which experts believe can catapult the demand for photovoltaic generation. Renewable hydrogen manufacturers are going to need a lot of electricity for their manufacturing processes and solar photovoltaics can find a formidable market there.
The experts consulted by RatedPower recognize that this technological solution (hydrogen) is still in an early stage of development, but consider that it could play a role important in long-term decarbonization.