The future of solar power

What is the future of solar energy?

The Future of Solar Energy considers only the two widely recognized classes of technologies for converting solar energy into electricity — photovoltaics (PV) and concentrated solar power (CSP), sometimes called solar thermal) — in their current and plausible future forms.

How will the future of solar energy be shaped?

Changes across the wider energy system, like the increased electrification of buildings and vehicles, emergence of clean fuels, and new commitments to both equitability and a more circular, sustainable economy, will shape the future of solar energy.

Will solar PV be the future of electricity?

In the REmap analysis 100% electricity access is foreseen by 2030, in line with the Sustainable Development Goals, and solar PV would be the major contributor to this achievement. costs are expected to reduce further, outpacing fossil fuels by 2020 (IRENA, 2019f).

What will a solar-dominated future look like?

A solar-dominated future is likely to be metal and mineral-intensive 48. Future demand for “critical minerals” will increase on two fronts: electrification and batteries require large-scale raw materials – such as lithium and copper; niche materials, including tellurium, are instrumental for solar panels 49.

How has the solar PV industry evolved in recent years?

The evolution of the solar PV industry so far has been remarkable, with several milestones achieved in recent years in terms of installations (including off-grid), cost reductions and technological advancements, as well as establishment of key solar energy associations (Figure 5).

Can solar power play a synergistic role in the future?

The study is based on extensive analysis and modeling conducted by NREL and synthesizes analysis across many domains to provide a balanced and rigorous assessment of the future of solar power. “Solar can play a synergistic role across various sectors including industry, transportation, and agriculture.