300 GW

According to a new report, the “explosive” growth of photovoltaics in the U.K., and the related falling costs, mean the market for nuclear is disappearing. Combined with “stiff competition” from other renewables, the case for investing in nuclear is shaky at best.

JA Solar’s CEO, Peng Fang supports the goal of 300 GW/a globally by 2025. pv magazine talked to Fang in Singapore about his views on the bright future for photovoltaics.

On the second day of the EU PVSEC tradeshow, Solarpraxis AG and pv magazine launched their 300 GW per year initiative. The goal is to provide a forum for debate and to set an ambitious goal for the photovoltaic industry, as a part of a global energy transformation towards renewables.

The European Photovoltaic Solar Energy Conference and Exhibition (EU PVSEC) has officially opened for the 27th time today, September 24 in Germany. Over the next week, a host of new products will be launched alongside discussions on how to take the industry forward. In addition to reporting from the ground, pv magazine will also be unveiling its latest 300 GW/a initiative at the event.

Renewables, led by photovoltaics, are the only options for energy price reductions in the future, says the European Commission’s Joint Research Center (JRC). In addition to calculating how many GWs of photovoltaics could have been installed using past fossil fuel subsidies, its new report looks at investment in the sector, and emerging markets.