PV as the alternative of choice for decarbonisation

FuturENERGY July-September 2020

The lessons learned during the COVID-19 crisis have made it clearer than ever that we need to invest in a sustainable future in order to drive and stimulate the world’s economy, which includes decarbonization and the use of renewable energies to halt climate change. And as a renewable energy, PV is the alternative that is spearheading sustainability at European and global level. Esasolar has identified three aspects that PV should develop to remain as the option of choice for the future.

For renewable energies to become a real alternative to fossil fuels, the amount of energy obtained via these means must be sufficient and cost competitive. This goal is being achieved thanks to a range of factors: government investments, changes to domestic and European legislation and, but no less important, the firm commitment by private companies to drive the technology needed to generate more solar power at an increasingly lower price.

This target is being attained: 2019 data from UNEF, the Spanish PV Industry Association, indicates that PV accounted for 40% of new global capacity and was the most installed energy source of all renewables and non-renewables, achieving a new PV capacity of 115 GW, 12% more than the previous year.