Solar is the ‘King’ of Global Electricity Markets, According to International Energy Agency

Solar is the ‘New King’

Solar is the ‘new king’ of power markets around the world, according to a report released by the International Energy Agency (IEA).  After the Covid-19 pandemic, solar will play a key role in the recovery of global electricity markets.

The IEA released the World Energy Outlook report, which detailed the impact of the Covid-19 pandemic on global energy use and explored how the energy sector could develop in the next several decades.

Dr Fatih Birol, the IEA Executive Director, stated: “I see solar becoming the new king of the world’s electricity markets. Based on today’s policy settings, it is on track to set new records for deployment every year after 2022.”

Solar energy will lead a renewables surge, accounting for 80% of growth in global electricity generation over the next decade.

Nick O’Malley in the Sydney Morning Herald, said: “For the first time since the industrial revolution, coal-fired power will constitute less than 20 per cent of the world’s energy by 2040, according to one scenario in the report, which found the end of the coal era has been accelerated by the COVID-19 pandemic.”

The IEA says: “Solar PV is now consistently cheaper than new coal- or gas-fired power plants in most countries, and solar projects now offer some of the lowest cost electricity ever seen.”

“If governments and investors step up their clean energy efforts in line with our Sustainable Development Scenario, the growth of both solar and wind would be even more spectacular – and hugely encouraging for overcoming the world’s climate challenge,” Dr Birol stated.

Solpod’s Innovation in Commercial & Industrial Solar 

Solpod is proud to be part of the shift to renewable energy and the global effort to combat climate change.  Our founding team established Solpod to help unlock solar’s potential in the commercial sector.

James Larratt, CEO of Solpod says: “Solar is cheaper than the grid for the vast majority of businesses.  Unlike other providers, Solpod can deliver can deliver cheaper solar power without long term commitments.”

Solpod offers innovations in solar that mean more businesses can access solar that would otherwise have faced barriers.  Solpod has developed rentable and relocatable solar pods for commercial and industrial rooftops.

Our solar pods do not penetrate the roof sheet with screws during installation and are rapidly installed.  Megawatts of our solar pods have been installed on commercial rooftops, including a variety of shopping centres, businesses and government buildings.

James Larratt, CEO of Solpod says: “Our customers value the ability to redeploy from one site to another, and we are the only manufacturers of rooftop solar mounting solutions in Australia.”

Schletter Solar Roof Mounting Solution 

Solpod recently launched the Schletter solar roof mounting solution, also known as the ‘Solpod Mini.‘  The German company Schletter is a global solar roof mounting company which has recognised the quality of our product.  Schletter will market the Solpod Mini as the ‘Schletter Eco Commercial Tilt’ (SECT) range. The versatile SECT range can be orientated east-west, north facing or flush using the same components.

Solpod’s innovations are fully Australian Made and manufactured. Purchasing Australian Made means supporting local jobs and the rebuilding of Australia’s economy.  The below image shows Solpods being manufactured in our Dandenong factory in Melbourne.

Image: Solpods being manufactured

To find out more about Solpod’s new solar roof mounting solution or our rapid install solar pods, please contact or call +03 9089 0753.