Featured in The energy access issue – 07-2020

Terawatt scale by 2022

The solar sector is no stranger to breaking records. Perhaps the most impressive figure to emerge from SolarPower Europe’s new ‘Global Market Outlook’ is that the global solar sector will reach terawatt scale by 2022 – just four years after the 500 GW milestone was reached. Michael Schmela from SolarPower Europe sets out the reasoning behind this and other key findings in the report.

By

pv magazine

13 Jul 2020

The 500 MW Núñez de Balboa solar park in Spain, the largest PV power plant in Europe, began commercial operations in April. Despite setbacks due to the ongoing pandemic, the medium-term outlook for solar is strong, with global cumulative installations expected to hit the terawatt level by 2022. | Image: Iberdrola

In 2019, the global solar market increased 13% from the year before, with 116.9 GW of installations, marking a new annual installation record. This record-breaking growth helped solar expand its annual share among all other power generation technologies to 48%, which means that solar accounted for almost half of the global net power capacity installed …

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