New solar installations to hit 413 GW this year, says BloombergNEF
From pv magazine USA
BloombergNEF has released its updated solar market outlook for 2023, projecting that 413 GW of module capacity will be installed this year. This capacity will mostly be 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.
This capacity growth will be driven by several factors. Foremost is China, which has driven the price of solar modules toward $0.10/W.
To continue reading, please visit our pv magazine USA website.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Please login to comment
[…] Find more here: https://www.pv-magazine.com/2023/11/29/new-solar-installations-to-hit-413-gw-this-year-says-bloomber… […]
[…] incredible technological innovations, solar energy is set to break all-time records with 413 GW expected to be deployed globally in 2023. Similarly, the stationary battery storage market is expected to grow 26-fold from the 56 GWh […]
[…] solkraft, framför allt i Kina. Solcellerna byggs fortare och fortare och solkraften förväntas fördubblas från 2022 till 2024. Priserna har störtdykt nu under hösten […]
[…] Peppig statistik: Det verkar omöjligt att göra rätt prognoser för solehergiutvecklingen. Det går för snabbt. Är för billigt. Intressant ändå att prognoserna fortsätter att vara linjära. Länk. […]
So a year of 42% growth, then 58%, and then it all slows right down? Bloomberg seems to have caught the “IEA Disease” – illogically underestimating PV growth. Even the IEA believe 1 Tw a year by 2030, which means that 1.5 Tw is more likely, based on the history of their massively conservative and incorrect predictions.
As module prices continue to fall, growth will
Increase in relation to deployment of solar.
It’s hard to see more than 1-3yrs in advance of how much solar will be built.
[…] 详情参考 […]
Lol…. exponential disruptions always change to linear growth halfway thru.
[…] Da pv magazine Global […]
[…] install up to 574 GW of new PV capacity this year, according to a new global PV outlook report from BloombergNEF. It said that new solar installations hit 444 GW in 2023, significantly surpassing its previous […]