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In Depth

Improved Technology Leads To Less Consumption Of Indium

26 June 2019

New energy is not a new term in the past decades, and the promotion of new energy development such as solar energy has been included in the national strategy for many countries like China, Saudia Arabia and many others.

Solar Energy, Storage, Electricity Distribution & Projections

19 June 2019
Solar Energy, Storage, Electricity Distribution & Projections

Past: It has been an incredible journey for Solar PV industry during the last decade.

Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

14 June 2019
Tender Tracker: Insights Into 1200 MW SECI Auction Results ISTS IV

The recent tender auctions of 1200 MW by SECI saw an active participation from 6 developers. Ayana Renewable (CDC), Renew, Azure & Mahindra Susten won the entire bidded capacity. Avaada Energy won 50MW of the 350MW bidded capacity. Company Name Status Bid Capacity Awarded Capacity Quoted Tariff...

India Solar Policy Update - May 2019

12 June 2019
India Solar Policy Update - May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

Pooled Structures And InvITs To Boost Market Access For Developers

12 June 2019
Pooled Structures And InvITs To Boost Market Access For Developers

Nuanced structures in pooling of assets such as obligor/co-obligor or Infrastructure Investment Trust would propel refinancing of the infrastructure assets, says India Ratings and Research.

India Solar Policy Update - April 2019

13 May 2019

Below is SolarQuarter's brief analysis of the latest updates on solar regulations & policies from various states in India.

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UPCOMING EVENTS

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SolarQuarter Tweets

Sneak Peek from on going event SolarRoofs Tamil Nadu at Aloft Hotel, IT Expressway, Chennai. solarroofs… https://t.co/CBIZSvQ3Vz
About 3 hours ago
India Solar Week 2019 is almost here! Buy your ticket today https://t.co/MLhS4umtrj See you on Jul 11, 2019!
Tuesday, 25 June 2019 07:30
SolarRoofs Tamil Nadu 2019 is almost here! Buy your ticket today https://t.co/9SaZxZ0T0p See you on Jun 26, 2019!… https://t.co/CICaMQHAG7
Tuesday, 25 June 2019 05:30

Solar Panel Recycling Market to Exceed $269 Million by 2023

Global solar panel recycling market is projected to reach $269.8 million by 2023. Increasing support of the government toward sustainable development and growing adoption of solar power as a renewable source of energy are the major factors driving the growth of the market.


In terms of value, mechanical process held the largest share in the solar panel recycling market during the historical period and is estimated to contribute more than 55% share to the market in 2017. This can be attributed to the fact that the process is highly efficient and environmentally safe.
During the forecast period, thin-film PV recycling is expected to be the fastest-growing category in the solar panel recycling market, with a CAGR of 29.7% in value terms. The advantageous properties of thin-film solar panels, such as flexibility, light weight, and temperature resistance, are expected to drive their recycling market in the coming years.


In terms of revenue, the early-loss shelf life category of solar panels is estimated to contribute more than 80.0% share to the solar panel recycling market in 2017. This can be attributed to the increased use of these panels for recycling purposes due to factors such as exposure to harsh weather conditions and lack of routine maintenance.


Market will witness the highest growth in Asia-Pacific (APAC)

During the forecast period, the solar panel recycling market is projected to witness the fastest growth in terms of value in APAC. Growing environment sustainability concerns and cost advantage of solar panel recycling in emerging economies, such as China and India, are expected to foster the market growth in APAC in the coming years.


Reducing solar panel installation cost is the key trend in the market

 

Solar power is a renewable, clean, noiseless, and freely available source of energy. In spite of the extensive costs associated with the R&D of solar energy systems, solar panel manufacturers have successfully managed to reduce design and overhead costs over the years. This drop in the solar energy prices can be attributed to the reduction in the hardware cost and increased focus on the minimization of pre- and post-construction expenses.
Regional governments are witnessing record low prices for solar and wind systems at power auctions, which is resulting in the planning of more subsidy-free solar and wind farms. In addition, the decreasing price of solar panels and their installation is increasing their popularity for residential and commercial applications, which is subsequently driving the solar panel recycling market.


Increasing usage of solar power sources is expected to drive the market

 

Growing energy crisis, high rate of carbon emissions, and increasing concerns for environmental protection have stimulated the need for sustainable power generation, globally. The growing number of pacts and initiatives related to the implementation of solar energy projects, across the world, is the main factor supporting the increased installation of solar panels or PV modules, which, in turn, is driving the solar panel recycling market.


The average lifespan of solar panels is 30 years, but some may suffer an early loss, resulting in a large amount of e-waste generation containing environmentally harmful substances. Thus, the recycling of these solar panels becomes important, as it helps in maintaining the ecological balance and reducing the emission of various hazardous substances into the atmosphere. The above-mentioned factors indicate that the increasing popularity of solar energy as a renewable power source is driving the growth of the solar panel recycling market.

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