In 2023, global photovoltaic will be over 500GW! Nov 13,2023.
The International Energy Agency (IEA) said that in the established policy scenario (STEPS), renewable energy will account for 80%of the new power capacity in 2030, of which solar photovoltaic power generation will account for more than half.

In its iconic report "World Energy Outlook", IEA predicts that by the end of this decade, the nominal production capacity of solar components will exceed 1.2TW each year, but in Steps, by 2030, only 500GW solar energy will be developed worldwide. For development of 1.2TW nominal component production capacity.
The International Energy Agency predicts that in 2023, the capacity of new solar photovoltaic installations will exceed 500GW
A more conservative benchmark, it represents an energy and climatic measures based on the governments that has taken so far, and the development path of policies that are developing.

In 2023 alone, EIA is expected to exceed 500GW of new power capacity global renewable energy, and the funds used for solar development every day will reach $ 1 billion.

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Measures such as expanding and consolidating power grids and increasing energy storage capacity will make solar photovoltaic integration into the power system.

The production capacity in 2030 will reach 1.2TW

Most production capacity will still be highly concentrated, and China's expansion plan will far exceed other countries. So far, China is the largest producer, and its production capacity accounts for 80%of the world's.

It is estimated that by the end of this decade, the nominal capacity of solar components will reach 1.2TW each year, and 70%of them can make solar photovoltaic development reach the expected level of net zero emissions (NZE) scenarios. This scenario limits global temperature rise at 1.5 ° C, further reducing the use of fossil fuels.

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