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HomeBlogRaptor Maps Unveils Startling Findings in Global Solar Report

Raptor Maps Unveils Startling Findings in Global Solar Report

2024-03-18

Raptor Maps, the leading platform for managing solar assets, has just released the highly anticipated sixth edition of its Global Solar Report. This comprehensive report provides valuable insights into the underperformance of solar assets and reveals a staggering $4.6 billion in annual revenue loss in the worldwide solar industry. Furthermore, the report highlights that power loss resulting from equipment anomalies on solar farms has increased from 3.13% to 4.47% year-over-year.

 

To access the full report, click here: Global Solar Report.

 

Drawing on data from an impressive 125GW of PV systems across countless solar sites, the Global Solar Report offers invaluable information considering the industry's unprecedented growth. With the global solar installation count surpassing the remarkable 1 terawatt mark two years ago, experts have their sights set on reaching an even more impressive milestone of 10 terawatts.

 

"Our sector plays a crucial role in achieving our climate goals of limiting global warming to 1.5°C," declared Nikhil Vadhavkar, CEO, and Co-founder of Raptor Maps. "As installation rates continue to rise, asset owners are increasingly relying on technology to tackle the challenges outlined in our Global Solar Report. By doing so, they aim to restore production levels, optimize asset management, and ensure long-term investability in the solar industry."

 

As the clean energy transition gains momentum, solar power is emerging as a dominant force. The future growth of the industry will heavily depend on autonomous systems.

 

Eddie Obropta, CTO, and Co-founder of Raptor Maps emphasized the importance of digital twins in this evolution: "Owners and operators who have already adopted digital twins of their solar sites can now utilize robotics and artificial intelligence to address labor challenges that directly impact power production. We are proud to introduce our latest AI tool, Instant Inspections, which has been developed based on customer demand. This groundbreaking tool allows for the detection and categorization of thermal anomalies at C&I sites with an incredible 99% faster speed compared to conventional aerial inspections."

 

The Global Solar Report serves as a wake-up call for the industry, prompting asset owners and operators to take proactive measures. By embracing innovative technologies and solutions, the solar industry can overcome obstacles and ensure a prosperous and sustainable future.

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