In our recent webinar, our panel of experts aimed to address the industry-specific supply chain challenges of the renewable energy sector and provide insights into unlocking its true potential. The session was highly informative, focusing on a range of topics including future trends and challenges in renewable energy, strategies for optimising supply chain operations, a case study featuring solar panel manufacturer Jinko Solar, and an engaging panel discussion.
Exploring key trends in the renewable energy landscape
The renewable energy sector is undergoing a remarkable transformation, with projections indicating that it could account for 80-90% of global power generation by 2050. This shift is primarily driven by the remarkable growth of solar and wind power, which are set to expand significantly in the coming decades. The anticipated share of renewables in the power mix is expected to double within the next 15 years.
The solar industry is rapidly scaling up, while the wind industry is focused on the development of larger turbines. Forecasts suggest that the median size of newly installed onshore wind turbines will increase by 45% between 2019 and 2035,ranging from 120m to 180m. However, the adoption of larger turbines also brings certain challenges, such as permits,transportation and community concerns. These complexities pose supply chain challenges in meeting the escalating demand.
A strategic partnership for seamless supply chain management
The growth in the solar industry and the development of larger wind turbines have underscored the significance of a responsive supply chain. To address this, companies are seeking integrated solutions from partners that offer more than traditional logistics. These partnerships extend their support to encompass transportation, warehousing, after-sales assistance,inbound material flow, and even factory setup. By leveraging a global control tower, such partners help optimize supply chains,yielding cost efficiencies and enhanced visibility. To overcome challenges and drive innovation, renewable developers and OEMs are advised to adopt an end-to-end supply chain approach that capitalizes on a global network, expertise, and reliable solutions, rather than concentrating solely on individual components.
Unlocking insights from the experts
This engaging webinar features industry experts who delve into critical industry-specific issues. Their valuable insights offer actionable strategies that can empower your renewable energy supply chain and enable your business to thrive in the dynamic renewable energy sector. As you navigate the complexities and opportunities of the renewable energy landscape, we hope the guidance and advice shared during this webinar can help you make informed decisions and drive sustainable long-term growth.
The renewable energy industry has set to become the top provider of power generation globally by 2050, with 80 to 90 percent coming from renewable source.
It is evident that solar companies are facing several challenges like limitation in capacity and lack of visibility in managing their global supply chain, while the industry continues to grow
aggressively.
The end-to-end solution from Maersk helped Jinko Solar navigate the complexities of new markets, comply with regulations, and avoid risks and barriers in trading.
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