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First Solar, Inc.
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== Market == The size of the electric power industry in terms of revenue can vary depending on the country and region being considered, as well as the specific sectors within the industry. According to data from the International Energy Agency (IEA), the global electricity sector generated an estimated $2.3 trillion in revenue in 2020. However, it's important to note that this figure includes revenue generated by all segments of the industry, including generation, transmission, and distribution, as well as retail sales to end-users. The revenue breakdown can vary significantly depending on the country, with some countries relying heavily on state-owned utilities while others have more diversified markets with a mix of public and private ownership. '''<u>Industry Outlook: Renewables</u>''' # '''Net-zero commitments:''' e.g. Paris agreement & Biden administration’s vision to fully decarbonise US economy. The Inflation Reduction Act 2022 was signed by the Biden government. This act includes $369 billion in renewable energy provisions. # '''Russia-Ukraine tensions:''' Global clean energy investment is set to rise to more than $2 trillion a year by 2030, up by half from current levels, while "international energy markets undergo a profound reorientation in the 2020s as countries adjust to the rupture of Russia-Europe (energy) flows”, the IEA said. # '''Europe's Green Energy plan:''' Target to generate 45% of energy from renewable sources by 2030. '''<u>Industry Outlook: Solar Energy</u>''' * 85% decline in costs of PV systems. * More solar-plus-storage buildouts increases operational efficiency and reduces storage costs. * Inflation reduction act incentivising PV uptake. Therefore, investment in the global solar power market is set to rise by 6.9% annually till 2028. [[File:Solar_market_CAGR.png|549x549px]]
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