Research report
2024 Trends: Renewable Energy & Solar Research Report
FEB 27, 24 | 9 AM
Download our latest report to gather insights, stats, and opinions on the current state of the renewables sector. The report draws from an industry survey and analysis of solar simulations carried out on the RatedPower Platform. The report is divided into sections focusing on:
- Critical industry challenges
- Trends according to industry professionals
- Primary success factors for leading energy players
- Analysis of the design trends from users of the RatedPower software
Key data takeaways:
- Over 90% of respondents rated their confidence in the industry’s future as either four or five out of five.
- 66.7% of those surveyed stated that grid saturation and instability was the critical challenge facing the renewables industry, up from 64% last year.
- 40.5% stated that solar is the renewables sector with the most significant growth potential over the next five years.
- There has been a significant increase in simulations using bifacial modules versus monofacial modules in 2023. Bifacial modules accounted for 90% of simulations in Q4 2023.
Over 55% of simulations in 2023 have used string inverters. This upward trend has been tracked over the last few years.