(Image by StockSnap from Pixabay)
Global revenue loss due to equipment-driven underperformance last year reached $4.6 billion, and power loss due to equipment anomalies on solar farms rose from 3.13% to 4.47% year-over-year, according to a new report from Raptor Maps.
Raptor Maps, a solar asset health management platform, released the sixth edition of its Global Solar Report, which includes data that highlights the underperformance of solar assets.
The Global Solar Report draws on data from 125GW of PV systems from thousands of solar sites, and the report’s findings assume heightened significance given the solar industry’s unprecedented growth.
“The world surpassed the 1 terawatt mark for global solar installations two years ago, and our sights are firmly set on the 10 terawatt milestone,” remarked Raptor Maps CEO and Co-founder Nikhil Vadhavkar. “Our sector is foundational to meeting our climate goals of 1.5°C. As the pace of installation increases, asset owners are turning to technology to address the challenges outli
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