Based on multiple studies, and information from international organizations, the growth trend of the photovoltaic solar energy generation sector in the coming years is expected to benefit from lower operating costs as a result of better technologies, government regulations that favor renewable energy sources, increased generation capacities, and other factors.
Overall, the total cost of solar PV projects is below the marginal costs of fossil fuel-powered generation plants. Moreover, it is expected to continue to drop substantially over the next three decades.
The photovoltaic sector has an unbeatable resource, the sun. For this reason, a tremendous growth capacity is anticipated for the sector, as indicated in the "Bloomberg New Energy Outlook 2019" study, from which the following forecasts stand out: