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Podcast / Audio

88. The Solar Juggernaut - Redefining Energy podcast

image credit: Credit: Redefining Energy / PV Tech
Laurent Segalen's picture
CEO, Megawatt-X

Laurent is a Franco-British financier, founder of Megawatt-X, the London-based global platform for Renewable Energy Assets. For the past twenty years, Laurent has been trading and managing...

  • Member since 2019
  • 174 items added with 153,946 views
  • Dec 15, 2022
  • 255 views

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Another year of explosive growth for the Solar Industry: production above 300GW, +45% yoy. What’s behind this staggering growth? How are the supply chain evolving? What are the “Fab four” and what new technology are they pursuing? Why are the prices not going down? How can the development of ESG in supply chain be assessed? How will the industry look in 5 years?

 

 

So many questions for this booming industry and it is just starting: Solar PV capacity is expected to almost treble over the 2022-2027 period, growing by 1.5TW and surpassing coal as the largest source of power capacity worldwide, according to a report from the International Energy Agency (IEA). In its “Renewables 2022” report, the IEA expects renewables to grow by 2.4TW over the next five-year period, with an acceleration of installations in the residential and commercial rooftop market globally to help reduce energy bills.  

We needed answers; that’s why we brought Finlay Colville on the show. Finlay is Head of Research PV-Tech and Solar Media and the most widely admired expert around the world for his insights. 

Finlay strongly believes that the Solar industry will reach a 1TW capacity in this very decade, which is a total gamechanger than the incumbents are totally oblivious to.

Gerard and Laurent agree 100%. “The incumbent energy industry has literally no idea what’s coming for them”

A warm salute to our friends of Solar Power Europe.

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Matt Chester's picture
Matt Chester on Dec 15, 2022

It was a wild year in the U.S. for solar, with various policies in the first half serving to delay many installations before being corrected, while the second half saw the IRA passing which will bring new amounts of funds for future solar. Despite those slowdowns, growth continued though, because as you well put-- solar is a juggernaut!

Laurent Segalen's picture
Thank Laurent for the Post!
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