Module innovations over the next ten years will increase solar panel power output without proportionally increasing manufacturing costs, according to Wood Mackenzie.
Solar system prices will continue to drop over the next decade, driven by advances in module efficiency, manufacturing, labour practices and software. The focus of the 2020s will be defined two trends: a shift from purely decreasing capital expenditure to a more holistic approach to reduce lifetime solar system costs, and the rise of “solar plus” solutions.
What will the 2020s bring for solar supply chains and technology? Last decade solar became cheaper and better; now, innovation and a focus on LCOE will define the 2020s. "Solar plus” applications will also become key as more utilities turn to solar-plus-storage instead of solar-only procurements to provide more dispatchable capacity on their grids. The market for repowering existing solar plants will take off in the 2020s as the global install b
