The success factors in the booming solar market by Trace Software International

The success factors in the booming solar market

The solar market is booming at a pace never seen before. We have entered a new era, with record growth figures. According to the latest report by the International Energy Agency (IEA) it is expected that the photovoltaic sector will drive the renewable energy market in the coming years, beating the hydroelectric and wind sector. Solar energy is increasingly in direct competition with fossil fuels. A photovoltaic (PV) deployment of 110 gigawatts (GW) is expected in 2018.

Which are the contributing factors to the industry’s success?

The expansion of renewable energy, such as solar energy, is a key element in improving air quality and the sustainability of the mix of our energy sources. With more attention to alternative and renewable energies, there are many interesting investment opportunities. In 2017, the global investment in renewable energy grew by 2% compared to the previous year, reaching 279.8 billion dollars. It is the solar energy sector that attracts most of the investments with a total of 161 billion dollars in 2016 and a growth rate of 18% in the same year. (UN Environment, Bloomberg New Energy Finance).
“The extraordinary surge in solar investment, around the world, shows how much can be achieved when we commit to growth without harming the environment,” said Head of UN Environment Erik Solheim.

The decline of the price of photovoltaics has certainly played a key role in empowering the global demand. The International Renewable Energy Agency (IRENA) estimates that by 2020 the price of energy production in large solar power plants could fall to around three US cents per kWh in many regions of the world. Photovoltaic becomes therefore accessible and attractive. In 2017, costs continued to fall for solar, in particular. The benchmark levelized cost of electricity for a utility-scale photovoltaic project dropped to $86 per megawatt-hour, down 15% on a year earlier and 72% since 2009. Some of this was due to a fall in capital costs, some to improvements in efficiency according to the Global Trends in Renewable Energy Investment 2018 Report. 

The proliferation of solar contracts invites to reflect on the policies of renewable sources. The increased competition has pushed governments to reduce prices, however public incentives are undoubtedly less important than before. The trend is clear, the expansion of the sector will be driven by solar tenders. According to the GTM Research, there are already 53 national markets in which there is currently a call for tenders or an auction program, compared to 32 in the second half of 2016. In addition, there are 29 other national markets where a project has been discussed or planned. Furthermore, power purchase agreements, tenant power, and sector coupling are generating new business models.

Solar photovoltaics are not anymore a thing of the future. Technical advances are undoubtedly a main driver of the solar market developmentfueled by the dynamic and competitive PV production. Main actors are driving the mass production with cost-effective technology and efficient manufacturing processes

The archelios™ suite is the state -of- the- art photovoltaic software solution to manage the entirety of a photovoltaic project. It is the unique tool in the market which allows the solar professionals to increase the performance of the project with the utmost precision. From the feasibility study, bankability, 3D design, to the compliance and calculation notes, right up to the operation and maintenance management, archelios™ suite sharpen your competitive position in the booming market of photovoltaics.

Want to know more?
Tracesoftware – Empowering electrical solutions.
Check out: Webinars    eSHOP    Sales  Linkedin


CAD Drafting Trends in Engineering

The engineering sector and in nearly every industry, is saturated with complex, large-scale projects which demand high precision and design software solutions even before the project development starts.

The concept of CAD is quite easy and really helps any designer to visualize what needs to be focused on, however, with the growing intricacy of engineering projects, this means that today’s engineers, designers etc… face the need to design, test and prepare for manufacture while managing huge amounts of data and with limited time. With precise attention to detail, they need to deliver a final product that is dimensionally accurate and layered in an accurate model with all the necessary aspects required – for a successful design.

Our electrical CAD software elecworks™ has been developed to support the simulation, validation, and optimization of designs. Over the years there has been growing end-customer demand, for new and advanced products that need to be brought to market more quickly, in a highly competitive global market that already has challenges with strict regulations.

That is why Trace Software International is at the forefront for a multitude of electrical software design solutions for:

When electrical CAD is used for engineering projects, it is often referred to as CAE (Computer Aided Engineering).  CAE software includes typical CAD drafting tools, but may also encompass computer-aided analysis (CAA), computer-integrated manufacturing (CIM), computer-aided manufacturing (CAM), material requirements planning (MRP), and computer-aided planning (CAP).  CAD software programs are used broadly in lots of industries, including vehicle manufacture, ship building, construction, manufacturing of all types.

Our elecworks™ is an electrical CAD system designed for professionals in engineering. The software is based on a digital model representative database installation or machine. This database allows to work on different views, depending on project needs, while ensuring the integrity of project data. It also allows the simultaneous collaborative work on the same project.

Key features:

  • Auto-routing technology provides highly simplified automatic routing of wires, cables, and harnesses from within a 3D CAD model.
  • Detailed routing information is available instantly to all project user.
  • Electrical schematics design, PLC, terminal strips, reports, cabinet layout.
  • Automated electrical design functions.
  • Video of elecworks™

Engineering industries, especially mechanized engineering firms, use CAD in many ways. Beginning from making engineering sketches to 2D/3Dmodeling, CAD can be used in a lot of the production process.

Modern day electrical CAD software replaces the tedious efforts of manual drafting with an automated process – electrical CAD software is an important tool which enables engineers to virtually see the product, analyze it and make corrections if and when required. CAD software allows engineers and others to have a full idea of the product and its physical characteristics long before production starts.

“Trace Software´s solutions, especially elecworks™,  have become more innovative each and every year with the introduction of the latest software versions – we constantly meet our customer’s business needs…” said Dr. Pedro Puig, CEO of Trace Software International.

Trace Software´s electrical CAD software also enables for objects to may be seen from the any position.

Having the ability to analyze a design and learn about any flaws before starting the production process is attractive for any designer…

By James Glass – The Tech Insider @ tracesoftware

Want to find out more?…Contact us

Trace Software International

Facebook, LinkedIn, Twitter or Google Plus