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Outlook on the Solar Street Lighting Global Market to 2030 – Industry Trends and Growth Forecast




DUBLIN, Nov. 26, 2020 /PRNewswire/ — The “Solar Street Lighting Market Research Report: By Structure Type, Component, Installation, Application – Global Industry Trends and Growth Forecast to 2030” report has been added to’s offering.

The rapidly reducing costs of solar lighting systems is a major factor responsible for the growing demand for solar street lighting devices across the globe. “As per a report produced by the National Renewable Energy Laboratory (NREL), the prices of solar panels decreased by 80% over the last 30 years, that is, from $10 per Watt (W) to nearly $2 per Watt from 1980 to 2010″. “The prices of these panels declined further by 50% during 2015 – 2019, that is, from $0.70 per Watt to $0.35 per Watt over the time period”.

The increasing road infrastructure development projects in several countries, on account of the soaring vehicular traffic, is another key factor fuelling the demand for solar street lighting devices throughout the world. Many countries such as India, Germany, the U.S., and China are increasingly launching massive roadway and highway development projects, because of the growing urbanization and road traffic. “The sales of commercial vehicles increased by 2.2% all over the globe in 2019”. Moreover, “the sales of these vehicles reached 26.9 million units across the globe in 2019”.

Apart from the aforementioned factors, “the surging number of smart cities is also contributing massively toward the soaring sales of solar street lighting systems throughout the globe”. There has been a huge rise in the construction of smart cities in various countries such as the U.S., India, Saudi Arabia, China, and South Korea over the last few years and this trend will further continue in the future years as well. Additionally, the governments of many countries are making huge investments for the development of smart cities, thereby boosting the sales of the solar street lighting devices.

Due to the above-mentioned reasons, the valuation of the global solar street lighting market will increase from $5.7 billion to $14.6 billion from 2019 to 2030. Furthermore, the market will advance at a CAGR of 9.4% between 2020 and 2030, as per the calculations of the publisher, a market research firm based in India. Airport runways, parks and playgrounds, manufacturing sites, parking lots, and roadways and highways are the major application areas of the solar street lighting systems. Amongst these, the usage of these lights will be the highest in roadways and highways in the years ahead.

Speaking regarding the regional market growth, “the Asia-Pacific (APAC) solar street lighting market will demonstrate the fastest growth in the future years”. This is ascribed to the rapid urbanization, especially in the developing nations of APAC and the subsequent rise in the demand for lighting devices. In addition to this, the presence of major solar street lighting devices manufacturing companies in the APAC countries is massively boosting the sales of these devices in the region.

Thus, it can be easily concluded from the above paragraphs that the demand for solar street lighting devices will surge throughout the world in the upcoming years, primarily because of the rising construction of buildings and infrastructural modernization and renovation works, increasing construction of smart cities, and extensive development of roadways, railway lines, and airports in many countries around the world.

Key Topics Covered:

Chapter 1. Research Background

Chapter 2. Research Methodology

Chapter 3. Executive Summary
3.1 Voice of Industry Experts/KOLs

Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Component Lamp CFL LED Metal halide Sodium vapor Others Solar panel Battery Lead acid Lithium-ion Others Controller Others
4.1.2 By Structure Type Standalone Centralized Portable
4.1.3 By Installation Retrofit New
4.1.4 By Application Highway & roadway Bridge Airport runway Park & playground Manufacturing site Parking lot Others
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Trends Growing popularity of smart solar street lighting
4.3.2 Drivers Reliable source of light Decline in price of solar panels Increasing number of smart cities Rising infrastructure development Impact analysis of drivers on market forecast
4.3.3 Restraints Penetration of counterfeit LED products Effect of COVID-19 outbreak Impact analysis of restraints on market forecast
4.3.4 Opportunities Increasing urbanization in developing regions
4.4 Porter’s Five Forces Analysis

Chapter 5. Global Market Size and Forecast
5.1 By Component
5.1.1 Lamp, by Type
5.1.2 Battery, by Type
5.2 By Structure Type
5.3 By Installation
5.4 By Application
5.5 By Region

Chapter 6. North America Market Size and Forecast
6.1 By Component
6.1.1 Lamp, by Type
6.1.2 Battery, by Type
6.2 By Structure Type
6.3 By Installation
6.4 By Application
6.5 By Country

Chapter 7. Europe Market Size and Forecast
7.1 By Component
7.1.1 Lamp, by Type
7.1.2 Battery, by Type
7.2 By Installation
7.3 By Structure Type
7.4 By Application
7.5 By Country

Chapter 8. APAC Market Size and Forecast
8.1 By Component
8.1.1 Lamp, by Type
8.1.2 Battery, by Type
8.2 By Structure Type
8.3 By Installation
8.4 By Application
8.5 By Country

Chapter 9. LATAM Market Size and Forecast
9.1 By Component
9.1.1 Lamp, by Type
9.1.2 Battery, by Type
9.2 By Structure Type
9.3 By Installation
9.4 By Application
9.5 By Country

Chapter 10. MEA Market Size and Forecast
10.1 By Component
10.1.1 Lamp, by Type
10.1.2 Battery, by Type
10.2 By Structure Type
10.3 By Installation
10.4 By Application
10.5 By Country

Chapter 11. Competitive Landscape
11.1 List of Players and Their Offerings
11.2 Ranking Analysis of Key Players
11.3 Competitive Benchmarking of Key Players
11.4 Global Strategic Developments in the Market
11.4.1 Product Launches
11.4.2 Partnerships
11.4.3 Client Wins

Chapter 12. Company Profiles
12.1 Bridgelux Inc.
12.1.1 Business Overview
12.1.2 Product and Service Offerings
12.2 Carmanah Technologies Corporation
12.2.1 Business Overview
12.2.2 Product and Service Offerings
12.3 Dragons Breath Solar
12.3.1 Business Overview
12.3.2 Product and Service Offerings
12.4 Fonroche Lighting
12.4.1 Business Overview
12.4.2 Product and Service Offerings
12.5 Greenshine New Energy
12.5.1 Business Overview
12.5.2 Product and Service Offerings
12.6 Jinhua SunMaster Solar Lighting Co. Ltd.
12.6.1 Business Overview
12.6.2 Product and Service Offerings
12.7 Koninklijke Philips N.V.
12.7.1 Business Overview
12.7.2 Product and Service Offerings
12.7.3 Key Financial Summary
12.8 Samsung Electronics Co. Ltd.
12.8.1 Business Overview
12.8.2 Product and Service Offerings
12.8.3 Key Financial Summary
12.9 Solar Street Lights USA
12.9.1 Business Overview
12.9.2 Product and Service Offerings
12.10 Sunna Design CA
12.10.1 Business Overview
12.10.2 Product and Service Offerings
12.11 TOTAL S.A.
12.11.1 Business Overview
12.11.2 Product and Service Offerings
12.11.3 Key Financial Summary
12.12 Urban Solar Group
12.12.1 Business Overview
12.12.2 Product and Service Offerings
12.13 Urja Global Ltd.
12.13.1 Business Overview
12.13.2 Product and Service Offerings
12.13.3 Key Financial Summary
12.14 Cree Inc.
12.14.1 Business Overview
12.14.2 Product and Service Offerings
12.14.3 Key Financial Summary
12.15 Hubbell Incorporated
12.15.1 Business Overview
12.15.2 Product and Service Offerings
12.15.3 Key Financial Summary

Chapter 13. Appendix
13.1 Abbreviations
13.2 Sources and References
13.3 Related Reports

For more information about this report visit

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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Corporations bought record total of clean energy despite devastating year




“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said the lead author of a new BNEF report.

Corporations purchased a record 23.7 GW of clean energy globally in 2020, with the U.S. market maintaining its lead and new markets propelling growth, according to a new report from BloombergNEF (BNEF).

The 2020 figure is up slightly from 20.1 GW in 2019 and more than 10 GW above the 13.6 GW seen in 2018. In the report, BNEF noted the 2020 increase came despite a year devastated by the Covid-19 pandemic, a global recession, and uncertainty about U.S. energy policy ahead of the presidential election.

“To not only maintain, but grow, the clean energy procurement market under these conditions is a testament to how high sustainability is on many corporations’ agendas,” said Kyle Harrison, BNEF senior associate and lead author of the report.

BNEF found in its 1H 2021 Corporate Energy Market Outlook that clean energy contracts were signed by more than 130 companies in sectors ranging from oil and gas to big tech.


Although the U.S. was once again the largest market, it was less dominant than in previous years. Companies announced 11.9 GW of corporate power purchase agreements (PPAs) in the U.S. in 2020, down from 14.1 GW in 2019. According to BNEF, this represented the first year-over-year drop since 2016. The first half of 2020, coinciding with the start of the pandemic, was particularly subdued, with companies announcing just 4.3 GW of corporate PPAs in the U.S. during that period.

Latin America also had a down year, with corporate PPA volumes dropping from 2 GW in 2019 to 1.5 GW in 2020. The region was hit hard by the Covid-19 pandemic and the economic downturn. However, BNEF said companies in Brazil signed a record of nearly 1.06 GW of PPAs in 2020, as many continued to migrate to the country’s free market, where they can sign bilateral clean energy contracts directly with developers.

Once the main draw for corporate procurement in the Latin American region, Mexico saw deal volumes all but dissipate. BNEF claimed this is because the current administration continues to undermine the country’s clean energy sector.

While the U.S. and Latin America slipped back, other corporate procurement markets stepped up.

Corporate PPA volumes in the Europe, Middle East and Africa (EMEA) region nearly tripled, from 2.6 GW in 2019 to a record 7.2 GW in 2020. In Spain, companies announced contracts to purchase no less than 4.2 GW of clean energy, up from 300 MW the previous year.

BNEF said solar and wind projects in Spain yield some of the cheapest and most competitive prices in Europe, thanks to strong natural resources and a large pool of experienced developers. Companies like Total and Anheuser Busch are orchestrating “cross-border virtual PPAs” in Spain, buying clean energy in the country to offset their load elsewhere in Europe.

Corporations also purchased record clean energy volumes in the Asia-Pacific (APAC) region, announcing contracts for 2.9 GW of solar and wind. Taiwan established itself as a major corporate clean energy market in 2020, with companies signing PPAs totaling 1.25 GW. BNEF said Taiwan’s market should be supported by a new policy that requires companies with an annual load above 5 MW to buy clean power. Also, the island has a high concentration of large manufacturers, many of which are feeling pressure from their customers to decarbonize.

South Korea is expected to be the next major corporate procurement market in Asia. Policymakers revised the country’s Electric Utility Act in the beginning of 2021, creating a PPA mechanism and a green tariff program with Korea Electric Power Corp. The revision will also allow companies to purchase unbundled certificates and retire them against sustainability commitments. According to BNEF, South Korean companies face similar supply-chain pressures to those in Taiwan.

Jonas Rooze, lead sustainability analyst at BNEF, said, “More than ever before, corporations have access to affordable clean energy at a global scale. Companies no longer have an excuse for falling behind on setting and working towards a clean energy target.”


BNEF found that Amazon was the leading buyer of clean energy in 2020, announcing 35 separate clean energy PPAs in 2020, totaling 5.1 GW. The company has now purchased over 7.5 GW of clean energy to date, vaulting it ahead of Google (6.6 GW) and Facebook (5.9 GW) as the world’s largest clean energy buyer. French oil major Total (3 GW), TSMC (1.2 GW) and U.S. telecom Verizon (1 GW) were the next largest corporate buyers of clean energy in 2020.

BNEF said the flow of new companies making clean energy commitments is another indicator of how much more the market can grow. 65 new companies joined the RE100 in 2020, pledging to offset 100% of their electricity consumption with clean energy. BNEF forecast that the 285 RE100 members will collectively need to purchase an additional 269 TWh of clean electricity in 2030 to meet their RE100 goals. Should this shortfall be met exclusively with offsite PPAs, it would catalyze an estimated 93 GW of new, incremental solar and wind build.

“Investor interest in sustainability is sky high, with inflows to sustainability-focused funds growing 300% between 2019 and 2020,” explained Harrison. “Companies in all sectors, including hard-to-abate ones like oil and gas and mining, are feeling the pressure to purchase clean energy and decarbonize. This group is only just scratching the surface on the amount of clean energy build it can catalyze.”

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Solar O&M providers merge




NovaSource Power Services in 2020 took over the operations and maintenance businesses of SunPower and First Solar.

NovaSource Power Services and SunSystem Technology LLC, two operations and maintenance (O&M) providers, have merged to boost service to the U.S. and global solar markets.

NovaSource, a Texas-based portfolio company of Canadian private equity firm Clairvest Group, was founded in 2020 amid Clairvest’s acquisition of SunPower’s O&M business. NovaSource later bought First Solar’s North American O&M unit. The company said it currently manages more than 3.5 GW of commercial, industrial, and utility-scale projects.

California-based SunSystem Technology has been a leading U.S. distributed generation O&M provider, servicing residential portfolios, commercial system owners and asset managers, and EV charging station networks.

Through this merger, the combined group will operate as NovaSource and have a joint global workforce in nine different countries. Financial details of the deal were not disclosed.

NovaSource said the merger means its field technicians will now be within a one-hour drive of 95% of the U.S. solar infrastructure, helping cut time, save money, and increase services nationwide.

“The combined scale, coverage, and experience will bring tremendous value and capabilities to our existing and future customers,” said SunSystem CEO Derek Chase, who will lead NovaSource’s distributed generation O&M unit.

Jack Bennett, CEO of NovaSource, said that the merger will help asset owners meet their rapidly evolving needs.

Earlier this month, Consolidated Asset Management Services acquired the U.S. solar O&M unit of Belectric Inc., which oversees 141 operating sites in 11 states.

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SCE agrees to $2.2 billion payout to settle wildfire claims




Southern California Edison agreed to pay $2.2 billion within the next 90 days to settle insurance claims stemming from the 2018 Woolsey Fire.

The utility also reached settlements with around 1,000 plaintiffs in litigation arising from the 2017/2018 Wildfire/Mudslide Events, which include the Woolsey Fire, the 2017 Thomas and Koenigstein fires, and the 2018 Montecito Mudslides.

The utility offered no admission of wrongdoing or liability in reaching the settlements.

In 2019, the utility said that it may have been responsible for starting the Woolsey Fire. That statement followed an investigation by fire officials.

The fire destroyed more than 1,600 structures, injured three firefighters, and killed three people as it burned near Malibu. It became one of the most destructive fires in the state, according to the California Department of Forestry and Fire Protection.

SCE estimates that potential losses for remaining claims could reach $4.6 billion and does not include any potential fines and penalties. The amount will be reduced by the $2.2 billion paid under terms of the insurance settlement.

SCE’s parent company, Edison International, said last year that it anticipates issuing around $1 billion of equity to invest in SCE to enable the utility to debt-finance claims payments and maintain investment-grade credit ratings.

The utility also will seek to recover uninsured costs resulting from the disasters through electric rates. Recovery is subject to regulatory approval.

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Dakota Power wins N.J. project approval, has billion-dollar solar plans




In addition to the 50 MW project, Dakota Power Partners has proposed developing at least five more utility-scale solar facilities across the Garden State.

Dakota Power Partners, which said it intends to invest $1 billion in utility-scale solar in New Jersey, has won approval for the developer’s first solar farm as part of what could become a large project portfolio.

The Millville Planning Board unanimously approved the 50 MW solar farm during its monthly meeting on January 12, clearing the way for construction to begin by year’s end. Called Nabb Solar I, the project will be located in western Millville and is anticipated to begin operation in fall 2022.

Timothy Daniels, Dakota’s principal and co-founder, said the local officials were “quick to see the value of this project.”

Over the 30-year expected life of the project, Nabb Solar I is estimated to generate a total of approximately $7.8 million in taxes. Dakota said it will pay annual real estate taxes of approximately $102,295 to the City of Millville, $67,547 to Millville Public Schools, and $98,166 to Cumberland County, for a total of $268,008 in local taxes per year.

Joe Derella, director of the Cumberland County Board of Commissioners, called the project a “massive $70 million investment in our region” that will create hundreds of jobs.

“This is what the future of energy looks like in New Jersey,” said Millville Mayor Mike Santiago.

Nabb Solar I is one of six similar New Jersey projects being proposed by Dakota Power Partners, which has offices in Millville and Denver, Colorado. In total, Dakota is proposing a $1 billion utility-scale solar investment in the Garden State.

Utilizing a portfolio of utility-scale solar and solar+storage projects across the state, the company said it intends to achieve generating capacity totaling more than 1 GW in New Jersey.

According Dakota, the company has participated in the development of more than 3.15 GW of operating and in-construction wind and solar projects around the U.S., representing an aggregate capital investment in rural communities in excess of $3.8 billion.

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