Frost & Sullivan Spotlights Solar PVs and the Changing Market Dynamics Expected through 2030
June 10, 2021
Solar photovoltaic (PV) is now the leading source of global power generation investment. In 2020, more dollars were invested in solar PV than coal, gas, and nuclear combined. The decade ahead promises more growth and continued investor opportunities as Frost & Sullivan forecasts a total of $2 billion to be invested through 2030, with half going to utility-scale projects and the rest going to commercial, industrial, and residential PV systems. More homes and businesses will arise as prosumers, relying on self-generation for most of their needs, enabled through energy storage systems. This will drive the growth of virtual power plants to aggregate these resources and maintain the integrity of the electricity grid.
Frost & Sullivan Industry Director Jonathan Robinson invites you to the upcoming Growth Opportunity briefing, “$2 Billion of Investment for Solar PV in a Decade—Are We Moving into the Endgame Victory for Renewable Energy?” on June 16 at 10 a.m. EDT. The briefing will provide an outlook of the solar PV industry and dissect the changing market dynamics expected for the next decade.
