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Solar Energy Investment Forecast to 2040

The main purpose of the study is to compare various factors that affect the development of the industry. The chapter analyzes the literature on various issues related directly or indirectly to the development of the industry. Several research methods are used: comparison of the influence of various factors on the price of solar electricity using the vector autoregression model (VAR model). The chapter describes the risks associated with competition (first of all, for the territories where solar panels are supposed to be located). The result of the chapter is a forecast for the supply of solar energy in the next 20 years. In the 21st century, the use of solar energy has become very popular, primarily due to the fact that solar power plants are least harmful to the environment, compared to other types of power plants. Recent research in the field of solar power engineering has shown that using carbon nanotubes will double the efficiency of power plants, breaking the Shockley-Queisser limit. Such technologies can make solar power the most used electricity in the world.