Rethink Energy Research
Rethink Energy is the only service specifically designed to explain and forecast the changing energy landscape and its investment possibilities as renewables begin to take over from conventional fossil fuels
Report Summary
- The global solar market is growing at 50% per annum. Solar installations in 2024 should be well over 400 GW.
- Massive surge in distributed solar as individuals and enterprises push toward energy security in the context of the Russian Ukraine war and a backdrop of supply chain blockages
- Utility solar will make a comeback and get back to growth but by 2050 Distributed solar will make up 63% of new installations and 48% of the installed base.
- Utility markets helped by hundreds of GW of solar built for hydrogen only in Australia, Chile and parts of Africa and Eastern Europe.
- Module prices have begun to fall again from $260 per kW in February 2023, to $230 by year the end and down to $200 by 2025
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