Bifacial solar panels, which capture sunlight on both sides to enhance energy production, are gaining prominence in the renewable energy sector. Recent developments highlight their growing adoption and the evolving policies surrounding their use.
Policy Changes Impacting Bifacial Solar Panels
In May 2024, the Biden Administration reinstated tariffs on imported bifacial solar panels, reversing a previous exemption. This decision aims to bolster domestic solar manufacturing by imposing a 14.25% tariff on these panels, which had previously been exempted. The move is expected to increase the cost of commercial, industrial, and utility-scale solar projects by 1% to 2%. Source
Advancements in Bifacial Solar Technology
Researchers at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) have developed bifacial perovskite solar cells. These cells allow sunlight to reach both sides of the device, potentially leading to higher energy yields at lower overall costs. This innovation could significantly enhance the efficiency of solar energy systems. Source
Source: Solar Power World
Global Adoption and Market Trends
In the United States, the integration of bifacial solar modules with single-axis trackers has become prevalent. This combination optimizes energy production by capturing sunlight from both sides of the panels and adjusting their orientation to follow the sun's path. This approach has been identified as a cost-effective strategy, potentially reducing the levelized cost of electricity (LCOE) by 16% compared to traditional monofacial systems. Source
These developments underscore the dynamic nature of the solar industry, with bifacial technology playing a pivotal role in enhancing efficiency and influencing policy decisions. As the market evolves, bifacial solar panels are expected to become increasingly integral to global renewable energy strategies.
Experts are optimistic that this solar boom will play a crucial role in helping Pakistan meet its renewable energy targets of 30% by 2030, potentially reducing the country’s carbon footprint and stabilizing its energy sector in the years ahead.