Solar Energy in 2014: analysts’ forecasts




Solar Energy in 2014: analysts’ forecasts

Industrial research firm IHS recently published information about how it believes will develop solar power in 2014. And based on these predictions, 2014 will be the brightest of the world market for solar energy. According to Asha Sharma, head of the analytical part of the study: “After a two-year stalemate, the global industry to collect solar energy expects unprecedented growth.”

Information-analytical agency DigiTimes, citing a report IHS, says that the photovoltaic industry in 2014 will reach the level of 40-45 gigawatts of electricity production. Four years ago the figure was more than half as much. However, due to a sharp interest in the collection of solar energy, the need to build new solar power plants in 2014 will grow.

More specifically, IHS expects that by the end of the year, the number of these plants will be four times more than there is now. However, many of them will be able to reach the level of production of 734 megawatts of electricity from sunlight.

From a financial point of view, we also expect positive developments. Increasing the total number of solar power plants and their capacity will reduce the prices of such electricity by about 10 percent. With this investment, invested in the photovoltaic industry will increase by 42 percent and amounted to an impressive $ 3.3 billion.

New factory for the production of solar energy will be opened in the Middle East, South America, as well as in many regions of Africa. And if in 2013 the power of Latin America allowed to produce 300 megawatts of solar energy, according to IHS by the end of 2014 this figure will already 1.4 gigawatts.

One of the most active countries, which will begin construction of stations to collect solar energy in 2014 may become Chile and Mexico. According to DigiTimes, in the U.S. in 2014 will continue to debate over the construction of such plants, but a great development during this period, the country will not happen.

China and Japan will continue exploration and development in this direction and would eventually become the largest mills for the production of solar energy. Nevertheless, forecast China will not be able to achieve its performance objectives in 12 gigawatts.

IHS believes that the LP-term cost of photovoltaic panels will continuously decrease and by 2020 it will be 40 per cent lower than it seems now. In view of reducing the cost, increase the chances that more countries will begin to think about the full transition to such a source of energy.

“The volume of construction of photovoltaic power plants in 2014 will be doubled. Boost investment in this sector, to stabilize the price of photovoltaic panels. Very large benefit from the development of this industry will have emerging markets “- says Ash Sharma.

“However, the most troubling issues related to public and political support, as well as disputes about the benefits of such a rapid growth, but at the same time a small profit from renewable solar energy, too, will, unfortunately, are not going anywhere.”

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Tags: Analysis , Solar energy .

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