So far this year, solar energy has already made impressive strides and is expected to play an increasingly important role in the global energy infrastructure. Data published by the Solar Energy Industries Association ( SEIA ) stated that, "the U.S. installed 5 gigawatts (GWdc) of solar PV capacity in Q1 2021 to reach 102.8 GWdc of total installed capacity, enough to power 18.6 million American homes. Solar accounted for 58% of all new electricity-generating capacity added in the U.S. in Q1, with wind making up the majority of the remaining capacity. Under a business-as-usual scenario, the U.S. solar industry will install an additional 160 GW of capacity over the next 5 years." OPTEC International, Inc. (OTC: OPTI), SunHydrogen, Inc. (OTC: HYSR), Solar Integrated Roofing Corp. (OTC: SIRC), Ascent Solar Technologies, Inc. (OTC: ASTI), SPI Energy Co., Ltd. (NASDAQ: SPI ).
There is strong demand for new alternative, renewable and green energy. In recent years, new technologies have allowed for more affordable energy storage from alternative energy sources, but the solar sector in particular has went through a surge of implementation, both for residential and commercial purposes. And, according to a research report by Mordor Intelligence LLP, the global solar energy installed capacity is registered to be 728 GW and is estimated to grow to 1645 gigawatts (GW) in 2026, while growing at a CAGR of 13.78% from 2021 to 2026.
Forecasts by Type (Ground-Mounted, Rooftop Solar), by End-User (Utility Sector, Residential Sector, Commercial Sector, Industrial Sector), by Technology (Mono-Crystalline Cells, Multi-Crystalline Cells, PERC Cells, HIT Cells, Other) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Crystalline Silicon Solar PV Companies AND COVID-19 Recovery ScenariosDownload free sample pages
Date: Sep 29, 2021
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