The top global solar power potential hotspots


Some nations that currently do not even register on lists of major solar power producers come out on top, while several countries that currently host major solar installations are revealed to be far less suited to solar production than other nations. — Reuters

CHINA is by far the number one global solar power producer in terms of installed capacity, but is 150th on the list of nations ranked by the World Bank in terms of photovoltaic (PV) power potential.

The practical PV potential metric is a measurement of the power output achievable by a typical utility-scale PV system (PVOUT), taking into account local land use constraints and the amount of solar radiation available to generate power.

As such, the PVOUT metric is able to assess how much solar power can be generated across different countries, even in locations that currently have little to no solar power installations at all.

According to the Global Solar Atlas, “the PVOUT represents the amount of power generated per unit of the installed PV capacity over the long-term, and is measured in kilowatt hours per installed kilowatt-peak of the system capacity (kWha and kWp).”

When ranked in terms of this potential output, some nations that currently do not even register on lists of major solar power producers come out on top, while several countries that currently host major solar installations are revealed to be far less suited to solar production than other nations.

Namibia has the highest overall global PV output potential, according to the World Bank’s ranking, with an nationwide average PVOUT measurement of 5.38 kWh and kWp daily.

Year-round sunshine for roughly 10 hours a day combined with abundant usable land areas place Namibia ahead of all other nations in terms of solar power potential, with its PVOUT measurement coming in close to 40% higher than that of China, the current top solar leader.

Egypt, Botswana, Morocco and Sudan also feature in the global PVOUT top 20, thanks to similar solar radiation totals and land availability, suggesting African nations could come to dominate global solar production rankings if all the region’s ambitious renewable energy development plans take root.

Thanks to similarly high amounts of solar radiation and large swaths of usable land, several Middle East countries also place highly on PVOUT potential despite current low levels of solar installations.

Jordan, Yemen and Oman are the top three Middle East nations in terms of PVOUT, followed by Saudi Arabia.

Large investments in green energy infrastructure throughout the Middle East mean the region will soon realise much of that latent solar potential, which should help the area’s economies continue to grow despite the uncertainty tied to the outlook for oil and gas exports from the same region.

China’s relatively lowly ranking on the PVOUT scale might suggest the country is not well suited to solar production.

But as the PVOUT measurement is a nationwide average, low measurements from congested and cloudy areas in the north and east tend to offset the higher readings from the sunny and spacious western hubs where the country has developed its world-leading expertise in the solar space.

Even so, China’s overall PVOUT reading of 3.88 kWh and kWp daily is well below the national averages of other countries in Asia, including dry and sunny Mongolia (4.76 PVOUT measurement), India (4.32) and Afghanistan (5.02), the region’s top overall PVOUT potential leader.

Nearly all countries in Asia are expected to accelerate the roll out of solar power in the decades ahead, but China looks set to remain the overall leader in terms of sheer scale thanks to generous state-funded subsidies and plans to steadily rebalance the country’s energy system away from fossil fuels.

While Germany is the top current solar producer in Europe, Spain has the region’s highest PVOUT reading thanks to year-round sunshine and suitable space for solar farm installations.

As a result, the country is likely to sharply increase installed solar capacity, which in 2022 was roughly a third of Germany’s. Portugal and Turkiye also rank in the top 100 PVOUT list, compared to Germany’s rank of 196.

Within the Americas, Chile has by far the top overall PVOUT reading, and ranks second globally thanks to concentrations of bright sunshine and suitable space for utility-scale installations.

Bolivia, Peru and Mexico also score in the global top 30, while the United States ranks 90th but has favourable solar potential pockets in the South-West that are comparable to other high-scoring areas elsewhere.

Altogether, the PVOUT metric highlights the vast potential for solar power in all regions, especially in areas that currently lag global leaders but have the right combination of abundant sunshine and space to potentially emerge as the new global solar leaders in the coming decades. — Reuters

Gavin Maguire is a columnist for Reuters. The views expressed here are the writer’s own.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Wall St set to rise ahead of speeches from Fed officials
Sarawak Cable finds new hope as alternative party is identified
Main Market-bound Feytech IPO public portion oversubscribed
Bursa lifts Awantec's affected issuer status
SC charges Pixelvest and former Infinity Trustee director with unlicensed capital market offences
Ringgit ends firmer against US dollar
InNature buys 'Burger & Lobster' franchise, eyes expansion into F&B Sector
Bank Negara fines Habib with RM96,250 for AMLA non-compliance
Pharmaniaga says 'stands firm' on financial recovery to exit PN17
Kobay gets UMA query from Bursa Malaysia

Others Also Read