The future development direction of photovoltaic power generation technology

21 Mar , 2023

Photovoltaic power generation technology has been significantly improved and developed over the past few decades, and its future technology will be further developed in the following aspects as time goes by:


Improve photoelectric conversion efficiency: Currently, the photoelectric conversion efficiency of a typical solar panel is only about 20%. In the future, the photoelectric conversion efficiency of solar panels will continue to increase and is expected to reach more than 30%. The average photoelectric conversion efficiency of solar panels may increase to 25% by 2030.


Reduce manufacturing cost: Manufacturing cost is one of the main factors affecting the popularization of photovoltaic power generation. With the continuous advancement of technology and the expansion of production scale, the manufacturing cost of solar panels has been falling. Solar panels are expected to cost 60% less to manufacture by 2030 than they do today.


Enhanced reliability and durability: The lifetime of photovoltaic power generation is very important for its practical application. In the future, solar panels will be more reliable and durable, expected to last 25 years or more. At the same time, solar panels will also be more adaptable to various environmental conditions, such as high temperature, low temperature and humidity.


Intelligent management: With the development of smart grid and smart home, the future photovoltaic power generation system will be more intelligent and manageable. An intelligent management system will monitor the performance and output of the solar panels and allow optimal control of the power system.


According to reports, in the future, solar power generation will account for most of the world’s new installed power capacity. By 2030, the global installed capacity of solar power generation is expected to increase by more than 700 GW to reach 1.5 TW, which shows that photovoltaic power generation has broad technical development prospects.