Solar
Accelerating solar photovoltaics as a key enabler of the energy transition
Solar energy has become a vital component of the global energy transition. Notably, solar photovoltaics (PV), a technology that converts sunlight into electricity, has been pivotal in advancing renewable energy. It offers significant opportunities for corporate and private customers to gain monetarily, secure energy supply and reduce carbon footprints.
The rapid global deployment of solar PV has been driven by several fundamental drivers. These include technological advancements, declining manufacturing cost, increasing global production capacity and the technology’s ability for rapid and decentralized deployment. More than 400 GWdc of new generation capacity was installed globally in 2023 – exceeding all other electricity generation technologies combined. According to the IEA, investments in solar PV alone, amounting to ~$475 billion in 2023, surpassed all investments in other generation technologies. The gap is expected to widen further.
The outlook for the solar PV market is promising. Apricum’s proprietary PV market model projects growth to reach almost ~500 GWdc by the end of this year and ~700-850 GWdc by 2028. Already more cost-effective than conventional energy sources in many regions worldwide, the demand for solar PV will benefit from the ongoing electrification of other sectors, governmental and corporate commitments to achieving net zero, increasing individual awareness and preference for renewable energy and supportive regulatory measures. Furthermore, innovative technologies are emerging and expanding its use cases beyond land and roofs, such as building-integrated PV, floating PV and agriPV. A vast solar potential remains untapped, with abundant manufacturing capacity already in place to serve it.
Hurdles associated with solar PV’s variable nature of generating electricity and its increasing penetration in electricity markets need to be mitigated. Intelligent solutions and innovative business models are on the rise. Complementary technologies such as energy storage, smart electricity grids and green hydrogen are part of the solution and benefit from this trend. The rapidly growing and evolving solar PV industry brings both ample opportunities and complexities for corporate and financial players – whether new entrants or incumbents – to master.
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How we help
Apricum’s team of solar PV experts is active across the full range of solar technologies and covers the end-to-end value chain, serving both upstream and downstream clients. We benefit from a multi-decade industry experience and have executed 200+ projects in the solar PV space. We assist our clients with the strategic and transaction advisory services and insights needed to succeed in this fast-growing and rapidly evolving industry and maintain or gain a competitive edge. Our global team of solar PV experts brings actionable insights for industry leaders, encompassing market landscape and dynamics, technology and industry trends, key players, business models and transactions.
Who we help
Solution providers
Manufacturing and software companies
Independent power producers and utilities
Developers
Private equity and other investors
EXPLORE OUR solar news
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Capital Investment
Capital investment for deployment of solar PV in 2023
Solar capacity
More than 400 GWdc of new solar installed new solar capacity in 2023
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Expected global growth rate
Expected CAGR of solar PV deployment according to center and upper case Apricum’s PV market model during 2023-2028
Deep-rooted expertise and strategic insight from across the solar industry
Nikolai Dobrott
APRICUM FOUNDER & CEO, HEAD OF SOLAR PRACTICE
“Advancements in solar PV technology, the declining costs, supportive policies and emerging markets is setting the stage for a transformative era in renewable energy with a paradigm shift in how we view and utilize solar power.’
Apricum’s offers extensive technical and commercial expertise across the entire solar energy value chain helps unlock new business opportunities for long-term success.”
CLIENTS WHO HAVE BENEFITTED FROM OUR SOLAR EXPERTISE
“Their in-depth knowledge of the global rooftop solar market was of great value to us.”
“Apricum provided us with very detailed data and insights on rooftop solar – a highly important market segment for us. Working with them really helped us in identifying interesting growth markets as well as targeting promising trends. Their in-depth knowledge of the global rooftop solar market was of great value to us.”
“With Apricum’s deep expertise…we were able to make an informed decision…”
“Apricum helped HV during our SPV DD in assessing the quality of Enpal’s SPVs. With Apricum’s deep expertise we were able to holistically look at both the technical and financial quality of Enpal’s portfolio and make an informed decision with regard to an investment into Germany’s largest residential PV installer.”
“…we were impressed by their deal track record and team capabilities and decided to work with them again…”
“Apricum supported Sunrock in defining our European expansion strategy. We were impressed by the combination of their rooftop solar industry knowledge, deal track record and team quality/capabilities and decided to work with them again in the next step.”
“Overall extremely impressed by Apricum.”
“Overall extremely impressed by Apricum. As an ex-McKinsey person, I think Apricum brings every bit of the management consulting toolbox into the project, on top of an industry depth in the day-to-day team that is truly impressive and rare in the consulting world.”
“…versatility that you find rarely among consultants.”
“The team demonstrated the highest level of competence down from the minute technical details of photovoltaic production processes up to an excellent understanding of the industry dynamics and the key strategic implications – a versatility that you find rarely among consultants. From day one, they brought their comprehensive sector knowledge to the table. Their reports were very focused without limitations on necessary detail. They served the objective of our engagement very well.”