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.