INVESTMENT NEEDS FOR SOLAR PV PERSPECTIVE
INVESTMENT NEEDS FOR SOLAR PV PERSPECTIVE

Summary/Abstract: The problem developed in the paper is very specific, important, and current because it treats solar energy, and in this context, the research is mainly based on carefully selected and processed data on the capacity of solar photovoltaics to date, 2020 and their future development, by 2050. Among all renewable technologies, these installations have been dominating the renewables industry for many years. With continuous technological advancement and cost reductions, which are expected to reduce further, is foresees the solar PV market growing rapidly over the next three decades. Because of this, i.e., due to the economic competitiveness of solar photovoltaics, their investments will gradually increase by 2050, worldwide. The paper is of special importance and aims to point out the impressive development and implementation of photovoltaic systems, which are favorites of investors and incomparable from an economic point of view, not to mention the range of environmental causes in air and environmental pollution, as opposed to the operation of existing fossil and nuclear systems. Hence, in the future, such energy projects will be motivated, promoted, and supported by various financial funds, with great security in the investment and without a doubt in the profitability of these systems. This is until a complete transformation of electricity production from fossil and nuclear fuels with RES production is achieved, especially from solar energy on a global level.

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