Use Natural Resources Integrated Services And Solutions For Industry
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The solar power industry hit headwinds in 2020.
The coronavirus pandemic disrupted supply chains and reduced the workforce; tariffs increased the cost of equipment; and tax credits began to wind down.
But industry insiders continue to predict renewable energy will drive the economic recovery from COVID-19, and solar power is expected to play a lead role as local governments set renewable energy targets, countries and states establish decarbonization goals, and more utilities phase out the use of fossil fuels for power generation.
While growth in the solar sector has slowed from its pre-pandemic pace, research and development of advanced solar power technologies has remained strong. From larger, more powerful, and more efficient solar panels, including upgrades to bifacial technology; to building-integrated photovoltaics (BIPV); to floating solar farms—what some call “floatovoltaics”; to concepts such as solar skins, solar fabric, and even solar roads, there’s no shortage of ideas and new products.