Future of Renewable Energy

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FUTURE OF RENEWABLE ENERGY
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Cheaper solar energy production in 2024
According to Earth.Org, solar energy will become
35 cheaper in 2024. There is more evidence to
back this up. Improvement in technology and
economies of scale are the main reasons behind
the declining costs of solar energy.
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RENEWABLE ENERGY MARKET
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Renewables capacity in transmission queues
As of 2022, stakeholders are investing in solar
energy production plants and projects, which will
eventually help to confidently integrate variable
renewables such as wind and solar into the
electric grid. All-in-all good news for those of
us in the solar power industry.
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INFRASTRUCTURE DEVELOPMENT
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Using solar energy helps in building
infrastructure focusing on industrial
development. Various industrial applications
including water desalination, enhanced oil
recovery, food processing, chemical production
mineral processing can be powered using solar
energy.
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SUPPLY CHAIN ECOSYSTEM
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In 2021, solar energy providers remained under
pressure because of the higher demand and lowered
supply, shortage of components, rising shipping
costs and expensive labour. In 2022, renewable
energy developers will likely continue to seek
alternative suppliers.
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SUSTAINABLE GROWTH
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In 2022, end-of-life (EoL) management strategies
for the renewable energy industry will likely
capture attention. EoL management can help in
managing environmental sustainability by reducing
waste, increasing resource security and adding
financial value to the business.
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WE ARE HERE TO HELP!
To know more about solar energy trends and
installation
CONTACT US 1300-946-524
www.solaristech.com.au