Global Trends in Solar Energy Sector

Many countries around the world have switched to solar power in order to supplement or provide an alternative source of energy that is cheaper, more reliable and efficient, and friendly to the environment. Generally speaking, to convert solar energy to electricity, there are two kinds of technologies used by the solar power plants – the PV (photovoltaic) systems which use solar panels to convert sunlight directly into electricity, and the CSP (Concentrated Solar Power) that indirectly uses the solar thermal energy to produce electricity.


The solar PV systems, which are either placed in ground-mounted solar farms or on rooftops are considered cheaper than CSP and constitutes the majority of solar installations, while CSP and large-scale PV accounts for the majority of the general solar electricity-generation-capacity, across the globe.

Global Trends in Solar Energy

In 2017, solar photovoltaic capacity increased by 95 GW, with a 34% growth year-on-year of new installations. Cumulative installed capacity exceeded 401 GW by the end of the year, sufficient to supply 2.1 percent of the world’s total electricity consumption. This growth was dramatic, and scientists viewed it as a crucial way to meet the world’s commitments to climate change.

“In most countries around the world there is still huge potential to dramatically increase the amount of energy we’re able to get from solar. The only way to achieve this is through a combination of both governance and individual responsibility.” Alastair Kay, Editor at Green Business Watch

Both CSP and PV systems are undergoing a considerable amount of growth and experts claim that by 2050, solar power will become the greatest source of electricity in the whole world. To achieve this goal, the capacity of PV systems should grow up to 4600 gigawatts, of which 50% or more would come from India or China. To date, the capacity of solar power is about 310 gigawatts, a drastic increase on the 50 gigawatts of power installed in 2010.

The United Kingdom, followed by Germany and France led Europe in the 2016 general statistics for solar power growth with new solar installations of 29%, 21%, and 8.3% respectively. In early 2016, the amount of power across Europe was near 100 gigawatts but now stands at 105 gigawatts. This growth is regarded as slow and experts in the solar industry are calling upon the European Union to give more targets concerning the renewable source of energy. It is said that setting a target that is not less than 35% will revive the solar business in Europe.

Across the United States in places, such as Phoenix and Los Angeles, which are located in a sunny region, a common PV system can generate an average of 7500 kWh – similar to the electrical power in use in a typical US home.

In Africa, many nations especially those around the deserts such as Sahara receive a great deal of sunlight every day, creating an opportunity for the development of solar technology across the region. Distribution of PV systems is almost uniform in Africa with the majority of countries receiving about 2000 kWh/m2 in every year. A certain study shows that generating solar power in a facility covering about 0.3% of the area consisting of North Africa could provide all the energy needed by the European-Union.

Asia alone contributed to 66.66% of the global amount of solar power installed in 2016, with about 50% coming from China.

With these reports, it is clear that the development of solar energy technology is growing in each and every continent with just a few countries with little or no apparent growth.

The growth of solar power technology across every continent in the world is very fast and steady and in the near future, almost every country will have a history to tell about the numerous benefits of going solar. The adoption of solar power will help improve the development of other sectors of the economy, such as the electronics industry, hence creating a lot of employment opportunities.

4 Solar Energy Trends in the Philippines

The solar energy market in the Philippines has been growing exponentially since 2018. In fact, the Philippines Board of Investments (BOI) had approved eight solar projects that year. The Solar Philippines Commercial Rooftop Projects Inc. oversaw all eight that were equivalent to $1.65 billion.

Even though, as of today, the solar power industry is still on the nascent stage, it is expected to gain massive support from the government moving forward.


Solar panels are becoming more accessible, for homeowners and businesses

The Philippines has hot and humid weather, which means households always require air conditioning. Thanks to the introduction of solar air conditioning, many homeowners can reduce their utility bills.

Some of the factors that will drive growth in the solar energy sector are the growing population, as well as the Philippines’ rapid economic development. When the Philippines succeeds in replacing diesel generators in most islands with solar energy, there will be a significant reduction in power outages.

Solar energy and other renewable energy sources will guarantee grid stability throughout the Philippines. Here are the four main trends in solar energy in the Philippines.

1. Accessibility for Private Households

A couple of years back, utility-scale solar was difficult to achieve due to the market’s regulatory changes. The price competition was too high, and only the largest capitalized developers could compete.

However, this is set to change because the new generation of renewable energy can now be distributed to private households. This ensures that each household can install a solar-powered air conditioner to reduce utility costs.

It is a huge win for homeowners and business people because they can now have more control over their energy consumption. Photovoltaic panels can be installed on the roofs of homes, apartment buildings, as well as business establishments.

This means that business owners can generate as much energy as they desire and even sell residual to energy supplies near them.

2. Significant Growth of Solar PV

The production cost of solar energy is expected to fall significantly between 2020 and 2025. As a result, solar will take first place for the cheapest source of energy in the Philippines.

The growth of photovoltaic systems in the Philippines will provide an immediate and more permanent solution to the country’s energy needs. The market is already registering a significant fall in the costs of photovoltaic cells.

Many households are jumping on this bandwagon and taking advantage of the affordability of solar power equipment. As a household in the Philippines, you greatly benefit from purchasing a solar air conditioner.

Residents are also adopting small-scale solar photovoltaic systems because the declined cost of PV technology makes financial sense.

3. Increased Grid Parity

The Philippines has a huge population, and without alternative sources of energy, the grid easily gets unstable. However, due to the introduction of renewable sources of energy like solar and wind, we can see a future where grid parity is guaranteed.

Since more private households can now depend on solar energy for their electricity needs, grid parity has steadily increased. Most households today use solar air conditioner to maintain a comfortable indoor environment. This is a highly cost-effective solution because solar energy is steadily getting cheaper than traditional energy sources.


Not to mention that the overall cost of electricity from the gird is decreasing as well. This can be attributed to the contribution of solar PV. Technological advancements are ensuring manufacturers can produce solar panels with higher solar PV module efficiency.

This means that you can install a solar hybrid air conditioner at home without worrying about the running cost.

4. Storage

There are plans underway to develop solar-storage microgrids in the Philippines. When this plan succeeds, solar energy will play a huge role in improving environmental health, human health, as well as people’s quality of life.

This will be a huge step towards achieving Philippine’s national climate change, greenhouse gas emissions reduction and renewable energy goals. Solar energy production allows the Philippines to reduce its reliance on fuel. The transition to low-carbon energy sources like wind and solar opens up economic development opportunities from a climate perspective.

It is essential to pair solar systems with solar-storage because this boosts the positive impact solar energy has on the economy.

During spring and summer months, the Philippines experiences great solar generation. However, without a storage solution for solar energy, this energy cannot be saved for later. Storage prices are still very high, not only in Asia as a whole but the world over. There are already hybrid solar storage projects in place, but they’re nothing close to bulk solar storage.

One thing is certain though, the prices keep coming down, and more and more solar farms are springing up. Soon enough, the Philippines will be in a position to store solar energy and eliminate over-reliance on fuels.


Harnessing solar energy has ensured that many households in the Philippines can make it through hot and humid days. Solar air conditioners allow homeowners to achieve a comfortable indoor environment without digging too deep into their pockets. These latest trends show that things are only getting better. We can see a future where solar energy is the main source of electricity in the Philippines.