Solar Recycling: Driving Down Costs
The number of retired solar panels may reach 10 million per year before 2030, exceeding IEA estimates.
Waiting to build recycling infrastructure until the industry reaches a scale of "millions of panels per year" could lead to catastrophic costs for asset owners.
As an entrepreneur building a global solar recycling business, I was very interested to see the latest report from the International Energy Agency.
This report confirms the growing challenge and opportunity of creating a circular economy for solar energy, with roughly 4-5 million panels per year reaching end of life annually in the U.S.
- By 2040, the number of retired panels is expected to be in the tens of millions domestically and hundreds of millions globally.
Author's summary: Solar recycling costs must be driven down before volumes spike.
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