In a new weekly update for pv magazine, OPIS, a Dow Jones company, provides a quick look at the main price trends in the global PV industry.
The solar industry growth has accelerated the demand for wires and cables in India. Since solar cables are key in transmitting power from the PV panels to the system, it is essential to invest in the best-suited type of solar cable that meets stability and safety norms.
Profils Systèmes, a French aluminum carpentry specialist, has developed Wallis&Energy, a new solar veranda that is designed to integrate seamlessly into existing buildings and new structures.
Statkraft, a Norwegian energy company, is investigating the scalability and commercial viability of Aquabattery’s technology. It will finance a pilot project for between six and 12 months in the Netherlands.
Madrileña Red de Gas is testing a heating system prototype developed by Germany company Vaillant that uses exclusively green hydrogen. The 25 kW system is equivalent in shape and size to a current natural gas heating system.
BloombergNEF says it has recorded a 14% decline in battery prices this year, mainly due to cheaper raw materials, following an unprecedented rise in 2022.
While the benefits of solar adoption are evident, challenges persist. The irregularity of solar power and the lack of efficient storage technologies remain primary concerns. The upfront costs of solar installations, though decreasing, remain a barrier for many. Complex regulations and bureaucratic hurdles often deter individuals and businesses from embracing solar energy. Addressing these challenges demands a concentrated effort.
BloombergNEF says historically low module prices will drive the global solar industry to record installations in 2023.
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