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FUTURE OF RENEWABLE ENERGY
According to Earth.Org, solar energy will become
35% cheaper in 2024. There is more evidence to
back this up. Improvement in technology and
economies of scale are the main reasons behind
the declining costs of solar energy.
Cheaper solar energy
production in 2024
35%
RENEWABLE ENERGY MARKET
As of 2022, stakeholders are investing in solar
energy production plants and projects, which will
eventually help to confidently integrate variable
renewables such as wind and solar into the
electric grid. All-in-all good news for those of us
in the solar power industry.
Renewables capacity
in transmission queues
95%
INFRASTRUCTURE DEVELOPMENT
Using solar energy helps in building infrastructure
focusing on industrial development. Various
industrial applications including water
desalination, enhanced oil recovery, food
processing, chemical production & mineral
processing can be powered using solar energy.
SUPPLY CHAIN ECOSYSTEM
In 2021, solar energy providers remained under
pressure because of the higher demand and
lowered supply, shortage of components, rising
shipping costs and expensive labour. In 2022,
renewable energy developers will likely continue
to seek alternative suppliers.
SUSTAINABLE GROWTH
In 2022, end-of-life (EoL) management strategies
for the renewable energy industry will likely
capture attention. EoL management can help in
managing environmental sustainability by
reducing waste, increasing resource security and
adding financial value to the business.
WE ARE HERE TO HELP!
CONTACT US 1300-946-524
www.solaristech.com.au
To know more about solar energy trends and installation

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Future of Renewable Energy

  • 2. According to Earth.Org, solar energy will become 35% cheaper in 2024. There is more evidence to back this up. Improvement in technology and economies of scale are the main reasons behind the declining costs of solar energy. Cheaper solar energy production in 2024 35%
  • 4. As of 2022, stakeholders are investing in solar energy production plants and projects, which will eventually help to confidently integrate variable renewables such as wind and solar into the electric grid. All-in-all good news for those of us in the solar power industry. Renewables capacity in transmission queues 95%
  • 6. Using solar energy helps in building infrastructure focusing on industrial development. Various industrial applications including water desalination, enhanced oil recovery, food processing, chemical production & mineral processing can be powered using solar energy.
  • 8. In 2021, solar energy providers remained under pressure because of the higher demand and lowered supply, shortage of components, rising shipping costs and expensive labour. In 2022, renewable energy developers will likely continue to seek alternative suppliers.
  • 10. In 2022, end-of-life (EoL) management strategies for the renewable energy industry will likely capture attention. EoL management can help in managing environmental sustainability by reducing waste, increasing resource security and adding financial value to the business.
  • 11. WE ARE HERE TO HELP! CONTACT US 1300-946-524 www.solaristech.com.au To know more about solar energy trends and installation