Solar surging 58% in 2023, 413 GW of installations expected globally

Sat, 27 Jan 2024 19:23:11 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://pv-magazine-usa.com/2023/11/28/solar-surging-58-in-2023-413-gw-of-installations-expected-globally/>

"BloombergNEF has released its updated solar market outlook for 2023,
projecting that 413 GW of module capacity will be installed this year. This
capacity is largely driven by China’s contribution of 240 GW, along with strong
growth in many other global regions.

The quarterly update was provided via Bloomberg’s podcast “Switched On” in
the episode, Solar supply glut crushes margins but buildout booming.

If the world does install 413 GW of solar, we will have witnessed a growth of
over 58% from the 260 GW installed in 2022, which itself marked an almost 42%
increase from the 183 GW installed in 2021. During this two year period, the
world will have experienced 125% growth – indicating that a doubling of
deployed annual capacity occurred in around one and a half years."

Via Future Crunch:
<https://futurecrunch.com/good-news-indigenous-rights-ecuador-deforestation-amazon-hiv-south-africa/>

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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