Featured in As simple as IBC – 03-2023

Solar trends to watch in 2023

Solar grew more than any other renewable energy technology in 2022, driven by the energy crisis and Russia’s invasion of Ukraine. InfoLink Consulting says that global solar demand reached 278 GW last year, up 56%, or roughly 100 GW, from 178 GW in 2021, with bigger changes in supply and demand expected in 2023. InfoLink Chief Analyst Corrine Lin predicts three major trends for the year ahead.

By

pv magazine

09 Mar 2023

Image: JinkoSolar

In 2022, China and Europe each hit 90 GW of module demand, underscoring global demand growth. Amid the pessimistic economic outlook in 2023, we saw European demand already weakening from the fourth quarter of 2022. China and Europe will be the largest PV markets in 2023, each contributing more than one-third of the global share, …

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