How has the growth in PV markets impacted the power industry?

The exponential growth seen in PV markets has led to the development of large-scale power plants, which has increased demands for better tools for inspection and monitoring.

What percentage of the solar PV market is based on thin-film technology?

Currently, thin-film technology accounts for only 5% of the global solar PV market, while silicon-based solar modules still hold approximately 95% of the global PV module market (GlobalData, 2018).

Is solar PV a competitive source of new power generation capacity?

Solar PV is emerging as one of the most competitive sources of new power generation capacity after a decade of dramatic cost declines. A decline of 74% in total installed costs was observed between 2010 and 2018 (Figure 10).

Should new buildings integrate PV systems in future urban planning?

For future urban planning, new buildings can be designed to integrate PV systems in their structure to maximise the installation space.

Are solar PV installations eligible for government rebates?

Once accredited with the Clean Energy Council, solar PV installations are eligible for government rebates such as Small-scale Technology Certificates and feed-in tarifs.

Why are solar PV modules and inverters falling in price?

Despite the unprecedented demand growth in recent years, solar PV modules and inverters have fallen in price, benefiting project developers and disadvantaging manufacturers, who have struggled to sustain margins.