When PV cell was first developed in 1989, it was to run at 20% efficiency. Gradually advancements were made in solar power lights equipment and the usage gained popularity. Years later it was predicted that 18 Giga Watt would be generated by 2020 using solar panels. But the hype increased and within 7 years the 18 Giga Watt was generated, failing the prediction.

Many forecasts and predictions have been failed over the years regarding the energy generated using solar power. For instance, the energy generated was expected to be 1% of the total energy produced worldwide for the year 2020. But, in reality, it was 3%. Isn’t that amazing? This was beyond what the experts predicted.

Now, how will be 2021 when it comes to solar energy and electricity generation? It is believed that 2021 will surpass and break all the previous records. Investing in solar proved something of a haven during the pandemic. The risk to people’s health will gradually decrease, but the rate at which new solar panels are installed will not go down. It is anticipated that new solar power installations would surpass 150 gigawatts for the first time on a global scale.

The only issue that will arise is an increase in the cost of solar equipment due to the shutdown of production at two significant facilities in China. This will be the only challenge that will be faced. As a result, there was a shortage of products, which led to an increase in their cost. It will have an effect that is consequential on the term “cheap electricity” that solar panels and solar power lights use to market themselves.

To acquire goods that were imported, high-quality solar lights, visit Forthlighting now. We also carry out site inspections and installations. For a quote, reach out here.