Future prospects of solar technology Solar energy is one of the best options to meet future energy demand since it is superior in terms of availability, cost effectiveness, accessibility, capacity, and efficiency compared to other renewable energy sources , .
By 2050 solar PV would represent the second-largest power generation source, just behind wind power and lead the way for the transformation of the global electricity sector. Solar PV would generate a quarter (25%) of total electricity needs globally, becoming one of prominent generations source by 2050.
These countries have made substantial investments in solar infrastructure, resulting in widespread installations and well-established markets. The future of solar energy in developed nations is promising, with a focus on further enhancing efficiency, storage capabilities, and grid integration [62, 63].
Solar power is likely to become the dominant electricity source worldwide by 2050. Mny-Jhee/Shutterstock In pursuit of the ambitious goal of reaching net-zero emissions, nations worldwide must expand their use of clean energy sources. In the case of solar energy, this change may already be upon us.
Solar power generation demand increases worldwide as countries strive to reach goals for emission reduction and renewable power generations. Malaysia has a target of 40% less emissions by 2020.
While utility-scale projects still predominate in 2050, the REmap analysis expects distributed solar PV installations to grow more rapidly, driven by policies and supportive measures, as well as consumer engagement in the clean energy transformation.