Products

PRENGY has turnkey solutions that ensure transportation, planning and installation, grid or off grid connection and commissioning.

Our modules consist of components such as inverters, cables, DC isolators, mounting systems, lighting and surge protection.

As your business partner, we continue to operate, maintain and monitor the long term performance and quality control, servicing and during the term, and will dismantle as per defined recycling process of plants.

SOLAR POWER MARKET

The continuing rise of population and living standards in the world, and particularly in developing countries such as India, China and the Middle East, are expected to dramatically increase the global energy demand in the coming decades. By 2035, the projected energy demand is expected to reach a quantity equivalent to 100 billion barrels of oil, representing more than 35% increase compared to the demand today.

Conventional energy sources like coal, oil, natural gas, etc. are limited in quantity, and if these continue to be depleted at the present rate, they could be exhausted in the coming decades. This process, alongside the adverse effect of gas emission from using these resources on global warming and climate change, predestines a growing need for substitutes to a dependency on fossil fuels. Renewable energy alternatives include Solar Power, Wind Turbines, Hydropower Utilization, Marine Energy Utilization, and Geothermal Energy Utilization. The entire renewable market is expected to grow at 2.5% CAGR, bringing its share of the total energy market from 12% to 20% by 2040.

Compared with other renewable energy alternatives, solar energy has several inherent advantages, including low maintenance requirements, and the ability to supply independent energy in small and medium applications. Furthermore, the costs of solar energy have been falling rapidly and are entering new areas of competitiveness. Specifically, electricity production prices of Solar Photo Voltaic (PV) installation in high insolation regions like India are expected to be competitive with high retail prices.

The Solar Power market is by far the fastest growing renewable energy segment. In 2011, for the second year in a row, solar power attracted the largest amount of new investments into renewable energies. The 44% increase in solar energy investments to $128 billion (€98.5 billion) offset a 15% decline in both wind and ocean energy investments.

Long term projections see solar energy not only surpassing any other renewable energy, but also becoming the largest energy source used globally – by 2100 responsible for more than 60% of the power produced. The process that will lead to this is expected to begin in the next decade as the adoption of solar energy will grow in accelerated pace.

The future growth will be led by the Sunbelt Countries, the 66 countries located within +/-35° of the Equator. By 2030, under ambitious paradigm, these countries could reach approximately1.1 TW of cumulative installation, representing up to 12% of power generation in some geographies. Under more conservative estimates these countries will reach 405GW installation.