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Defective solar panels could generate millionaire income in the near future. Recycling in the solar energy sector is already in its infancy and could reach the country, generating thousands of jobs.
Materials from a discarded faulty solar panel could be worth billions of dollars in the next few years, according to studies done and published by the research firm Rystad Energy. It is these recycled solar panels that will reduce bottlenecks in the supply chain, making devices more sustainable.
Defective solar panels can generate millionaire income
Currently, painéis solares from the US with no use are shredded and dumped in landfills. However, according to Rystad, it will be possible to raise a large income from these types of materials, revolving around US$ 2,7 billion, which in direct conversion is equivalent to R$ 14,2 billion, at the beginning of the next decade, from just US$ 170 million invested this year.
This trend is due to the high demand for installations of solar energy systems, which currently represents just over 3% of the global electricity mix. With advances in technology, extracting more valuable materials from old solar panels are making recycling a more financially beneficial business.
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solar energy market
Currently the solar energy represents just over 3% of the global electricity mix. To meet its Paris climate agreement targets, which plan to cut greenhouse gas emissions, solar power could account for more than 40% of global electricity supply.
Increasingly, solar panels are becoming more affordable options, however the processing of materials that make up solar energy panels are concentrated in a group of countries and therefore the solar supply chain is subject to disruptions.
The non-profit organization Business & Human Rights Resource Center it has even documented human rights abuses during the mining of materials used in solar panels. Polysilicon, for example, is made through an energy-intensive process linked to forced labor, which has led to sanctions on some components produced in China. A faulty solar panel recycling will help diversify these supply chains and also mitigate the impact of mining.
Defective solar panel waste will reach 78 million tons
As solar panel technology becomes popular around the world and however they last about 25 years, it's important to point out that they also need to be disposed of in an environmentally friendly way. According to a survey carried out in 2016 by the International Renewable Energy Agency (IRENA), more than 78 million tons of photovoltaic equipment will be accumulated worldwide by 2050.
According to studies, if recycled and inserted back into the production chain, the recovered value of these solar panels could exceed US$ 15 billion. Monocrystalline silicon panels, which in 2016 accounted for 51,4% of the recycling market, already have highly efficient recycling processes with minimal environmental impact. However, as they are goods with a long useful life, solar energy panels and their recycling are still an incipient market.
Europe takes center stage in recycling faulty solar panels
Europe gains prominence as the main market for solar panel recycling due to early use and extensive consumer acceptance in the region. The first grid-connected solar panel systems, for example, were implemented in Germany in the early 90s.
The presence of various government measures to regulate the recycling process in countries like UK and Germany is predicted to drive market growth. Technological advances to expand the recycling rate are likely to fuel market demand over the next eight years.
Aldo Solar makes solar panel recycling a reality in Brazil
ALDO SOLAR is recognized by major international manufacturers when it comes to Information Technology. The company is aware that it works with materials whose disposal must be done correctly and in a specialized manner. The opposite would be to allow such products to pose a risk to the environment.
through the program ALDO Crazy Recycle ALDO helps companies in the sector to correctly dispose of solid electrical and electronic waste. Thus, the resellers forward the electronic waste to ALDO, which is responsible for the separation, transport and final destination of the waste.
