Full Title: Global Solar Report 2023 Edition
Author(s): Raptor Maps
Publisher(s): Raptor Maps
Publication Date: February 10, 2023
Full Text: Download Resource
Description (excerpt):
Stakeholders in today’s solar industry have the privilege of participating in a world-changing shift toward renewable energy. And yet, as large-scale solar installations multiply, it is increasingly important that all of us ensure the industry is delivering on its promises — in terms of both power production and profitability. A glance at many of the statistics in this report shows, however, that we are progressively losing more power and more money, with an estimated annual revenue loss of $82 million across the 24.5GW analyzed by Raptor Maps in 2022, translating to $2.5 billion in losses for the entire solar industry. When coupled with other learnings from the field – solar assets are chronically underperforming relative to pro forma assumptions – there is an enormous financial impact that the industry needs to address.
These data points come as legislative and geopolitical tailwinds drive even further growth in solar. In the United States, the passage of the Inflation Reduction Act earmarked $370 billion for renewable energy and created unprecedented demand in the solar industry. Raptor Maps’ Global Solar Report quantifies and identifies leading drivers of equipment-related revenue loss, powered by Raptor Maps’ ever-growing dataset of 80GW of analyzed PV systems across 48 countries.