PRA November-December 2014 Photovoltaics Industry

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Photovoltaics Industry

Energy from the sun The energy crisis is a modern-day phantom that stalks and threatens global economies and industries. The good news is that energy shortages may be controlled. And thanks to modern photovoltaic technology that enables for a widely accessed and, in the long run, cheaper solar energy, says Angelica Buan in this report.

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n the face of the surmounting energy crisis, photovoltaics (PVs) technology seems to provide the panacea to energy woes. PVs are solar cells that convert energy from the sun to usable electricity. The current technology utilises a semiconductor to absorb the radiation from the sun and when this happens, the radiation emits electrons, which are harnessed as electricity. Solar energy is a renewable energy of choice because of the persisting problem on climate change plus solar energy is clean energy with an edge over price volatility of fossil fuels. Moreover, it emits no greenhouse gas or other toxic pollutants such as sulphur and nitrogen, and requires slight amount or no water, compared to thermal power plants, which need fresh water for cooling.

New generation of photovoltaic technology harnesses solar energy more efficiently

Expensive price tag an issue But while potential energy from the sun is free, the use of PVs to harness it is expensive and not cost-competitive with readily available utility power, according to the Florida Solar Energy Centre. The agency says that until such time that the cost per peak watt (the amount of electricity produced by a PV cell when bright sunlight is available), is competitively low can the technology be used more widely. In this purview, manufacturing and applications are two key areas of development in PV technology.

The International Energy Agency (IEA), meanwhile, notes that costs are decreasing, forecasting that by 2050 solar energy could be the top source of electricity generating up to 16% of the world's use. US-based financial firm Lazard also echoes the view of decreasing costs saying that costs have dropped by nearly 20% in the past year, and nearly 80% in the last five years. China's entry into the solar panel business has helped push down the costs, says the firm. New York-based Transparency Market Research (TMR), in its PV market report from 2012-2018, says that current technologies still utilise semiconductor materials such as the costly silicon. Yet, innovations are being undertaken to bring down costs as well as improving efficiency, it says. Developments are taking place as pointed out by the National Renewable Energy Laboratory (NREL) of the US Department of Energy. It explains that second-generation thin-film solar cells are developed from amorphous silicon or non-silicon materials such as cadmium telluride. Thin film solar cells use layers of semiconductor materials only a few micrometers thick and can double as rooftop shingles and tiles, building facades, or glazing for skylights. There are also third-generation solar cells made from new materials such as solar inks using conventional printing press technologies, solar dyes, and conductive plastics that concentrate sunlight onto a minute piece of high efficiency PV material, albeit at a higher cost. Currently, the US-based University of Cincinnati is working on making less expensive, yet more flexible and efficient, solar-powered panels in lights, calculators and roofs. Researchers are looking at adding nanoflakes of graphene to polymer-blend bulk-heterojunction (BHJ) solar cells as a substitute to silicon solar cells. The graphene increases the plastic solar cells’ efficiency threefold. Yet for now, it is comparatively below the highest efficiency achieved in organic PV devices. Scale of use growing in Asia Energy market analysts observe that solar PV end-market demand is spreading and shifting from Europe towards Asia. TMR reported that the three fastest growing PV markets in 2013 were China, Japan, and Thailand. The market has two leading manufactured solar PV technologies that are implemented in the commercial use: thin-film PV and crystalline silicon PV. The latter currently dominates the market growth with around 80% of the market share. TMR also reports that major countries seen as active in thin-film PV technologies include China (12%), Asia, Europe, Japan, Germany (19%) and South Korea. Meanwhile, IEA assessed that solar PV expansion would be led by China, followed by the US. In India, solar PV is also gaining ground. L&T Construction, the nation’s largest solar EPC company, NOVEMBER / DECEMBER 2014

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