What's In Store For Solar In 2019?
- Dec 30, 2018 9:34 pm GMT
This item is part of the Special Issue - 2019-01 - Predictions & Trends, click here for more
These are tumultuous times for solar. After growing rapidly in the last decade, the industry slowed down this year. The economics of solar panel installations, which is heavily subsidized and thrives on cheap panels imported from China, caught up with the industry. There was a sharp drop in the number of residential and utility installations of solar after the Trump administration instituted tariffs on solar panels made in China. The administration also tried to revive the coal industry by questioning renewable energy’s ability to generate baseload power.
But it was not bad news all the way.
Next quarter should see the highest number of utility installations of solar, in terms of power, according to consulting firm Wood Mackenzie. The product mix at utility installations also underwent a change as tracking systems, which follow the sun’s path through the day, became more popular as compared to fixed tilt systems. That is expected to continue in 2019.
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