Global solar report finds billions in revenue loss due to underperformance

Global solar report finds billions in revenue loss due to underperformance

Raptor Maps merely launched the sixth model of its “Global Solar Report,” which supplies info that starkly showcases the underperformance of photograph voltaic property.

The report finds that world earnings loss attributable to equipment-driven underperformance last 12 months reached $4.6 billion and that power loss attributable to gear anomalies on photograph voltaic farms rose from 3.13% to 4.47% year-over-year.

The “World Picture Voltaic Report” attracts info from 125 GW of PV methods from a whole lot of photograph voltaic web sites, and the report’s findings assume heightened significance given the photograph voltaic enterprise’s unprecedented progress.

“The world surpassed the 1-terawatt mark for world photograph voltaic installations two years prior to now, and our sights are firmly set on the 10-TW milestone,” talked about Raptor Maps CEO and co-founder Nikhil Vadhavkar. “Our sector is foundational to the meeting of our native climate targets of 1.5°C. As a result of the tempo of setup will improve, asset owners are turning to experience to take care of the challenges outlined in our ‘World Picture Voltaic Report’ to revive manufacturing, optimize asset administration, and ensure the instability of the sector for years to return again.”

Raptor Maps acknowledged $177.7 million in preventable annualized earnings loss for patrons in 2023, a imply of $4,696/MWdc, which, extrapolated to the complete enterprise, totals $4.6 billion in potential earnings loss.

An important photograph voltaic web sites inside the analysis tended to exhibit elevated frequent power loss, with web sites between 100 and 200 MWdc averaging 4.75% power loss, and web sites above 200 MW averaging 4.91% power loss. And that power loss comes with a heavy financial burden: Web sites above 100 MW averaged $5,000/MW in annual earnings loss, surpassing the worldwide frequent of $4,696/MW.

As photograph voltaic emerges due to the dominant drive inside the clear energy transition, progress will increasingly hinge on autonomous methods.

“Householders and operators who’re already working with digital twins of their web sites can now leverage robotics and AI to type out labor challenges straight impacting power manufacturing,” well-known Eddie Obropta, CTO and Co-founder of Raptor Maps. “We merely launched a model new AI software program, Instantaneous Inspections, primarily based totally on purchaser demand, which permits the detection and categorization of thermal anomalies 99% faster than customary photograph voltaic aerial inspections at C&I web sites.”

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