The future is looking bright with a predicted increase in solar power demand!
Bloomberg Intelligence predicted that the solar sector will see a growth of 20-30% in 2023, making it the fastest growing energy sub segment! The sector already saw a growth in demand of 40% in 2022 alone, so more growth shows the promise of revenue increases as well within the sector. The cost of electricity of a new solar system is estimated to be 50% less than that of a new coal plant. Another key prediction for solar is that it will just get cheaper to install, unlike other energy sources such as nuclear power. These are just a few of the many reasons why support for solar is strong and why solar panels have been included as a fundamental aspect to the European Commission’s REPowerEU plan, with the goal of increasing the installed capacity of solar to 600GW by 2030.
This article just goes to show how beneficial renewable energy is, especially solar energy. This makes solar panels an even more enticing option, both for companies and households to use and for investors looking to invest in green energy. Let’s quicken the transition to solar energy together; empower the future with GreenView Energy.
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