GLOBAL SUSTAINABLE SOLAR PANELS MARKET

INTRODUCTION

Working on design elements like modularity, disassembly, standardisation, and material selection, including the use of biological or recycled materials, is essential. This entails recovering panels that have already been placed in methods that optimise value at the end of their life cycle.

Indeed, careful recycling of PV modules that have experienced early loss or are nearing the end of their useful lives can reduce waste and reintroduce economically valuable raw elements like glass, aluminium, silver, and copper.

SUSTAINABLE SOLAR PANELS MARKET DEVELOPMENTS AND INNOVATIONS

The business for solar panels in APAC will expand significantly over the next few years thanks to rising environmental concerns, rising energy demand, supportive government legislation, and falling solar PV costs. Globally, more large-scale solar power plants are being installed in order to produce clean energy and cut carbon emissions.

The global market for solar panels is anticipated to increase as a result of favourable solar policies and incentives to promote solar installations. One of the key elements that could limit market expansion is the strict environmental restrictions. Cost, product quality, dependability, and aftermarket services are all areas where the vendors compete.

COMPETITIVE LANDSCAPE

Given that sunlight is a plentiful and unrestricted energy resource, solar power is one of the major energy sources on our planet. The amount of solar energy that reaches Earth's surface in a single hour is greater than all of the planet's energy needs for a whole year.

Although obstacles like the intermittent nature of solar electricity may limit market growth, increased investments in the renewable energy industry are clearly driving the market growth for solar panels. 

First Solar is a leading mobiliser of the equipment in the market. The latest integration has been the advanced thin film photovoltaic (PV) modules have the best environmental profile in the market since they use less energy, water, and semiconductor material to manufacture.

The key to decarbonizing electricity generation is its low carbon footprint and quick energy return. With Series 6, the environmental impact is anticipated to be up to 4X lower than that of the typical PV product.

Candian Solar is part of the component manufacture trending companies in the current industry. The purpose of creating these solar panels with high international standards compliance and unwavering quality control.

To prevent PV panels from ending up in landfills, all makers and importers of PV into Australia should sign up for the recycling scheme, such as that provided by Canadian Solar through Reclaim. As a result, solar panels' overall environmental impact is greatly reduced.Canadian Solar Australia is still promoting the voluntary return and recycling scheme for solar panels at the end of their useful lives.

COMPANIES PROFILED

• Canadian Solar Inc.
• First Solar Inc.
• Ja Solar Holdings Co. Ltd.
• JinkoSolar Holding Co. Ltd.
• Kaneka Corp.
• LONGi Green Energy Technology Co. Ltd.
• Risen Energy Co. Ltd.
• Trina Solar Co. Ltd.
• Wuxi Suntech Power Co. Ltd.
• Yingli Green Energy Holding Co. Ltd.
• SunPower Corporation
• Abengoa Solar
• eSolar Inc.