With countries setting net-zero emission targets for 2050-60, renewable energy demand is growing robustly. Amid energy transition trends, PV InfoLink’s Albert Hsieh expects global PV demand to surpass 230GW this year. Strong demand is mainly sustained by China, which released several supportive policies last year, as well as energy transition-driven markets such as the United States. The Russia-Ukraine war is also accelerating Europe’s need to wean itself off its dependence on Russian fossil fuels, and thus renewables demand looks increasingly strong on the continent.
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