| | MAY 20228CIOReviewThe photovoltaic industry is characterized by continuous development. Photovoltaic solar energy, in particular, has been advancing at a dizzying pace for more than two decades, which forces us to be continuously updated. Countless technological options are made available on a daily basis, and these can either aid you in the fight to be more efficient or set you back entirely.The global state of photovoltaicsPutting the market at the center of the discussion helps us to understand the current scenario in which the photovoltaic industry operates.The solar photovoltaic market is fed by two gearwheels which are connected to each other. The smallest of these is the one that responds to the movements of the module industry. This industry strives to improve their products by increasing power and efficiency--unfortunately, not in the same proportion because efficiency does not increase as quickly. This decreases the number of modules to be installed by changing some of the physical and electrical aspects. Due to this, structure manufacturers look for solutions for the installation of the new modules with the new characteristics, while at the same time, inverter manufacturers examine their specifications to see if they should be updated or, on the contrary, if they can take the improvement. All of this information affects the price of the integrators who are trying to reduce the installation cost. We can expect this wheel to turn every four to six months.The second wheel, the economic one, responds to the first wheel's movements. The second wheel is responsible for the drop in price based on two fundamental factors. The first is the increase in production and consequential profit in scale to dissolve manufacturing costs. The second, which sustains the first, is the increase in demand driven by current environmental policies that support global targets for clean energy generation, causing more manufacturers to appear and compete with each other to position themselves in order to achieve reasonable market share. It is important to mention the paradigm shift in the business model. This perfect storm produces news of record PPAs every year in the different solar energy auctions around the world. In By Miguel Angel Hidalgo Gonzalez, Head of Solar Technical, EDP Renewables IN MY OPINIONTECHNICAL-ECONOMIC EFFICIENCY,A QUESTION OF THE MARKET
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