The world installed 174GW of solar in 2021 and is on track to deploy 260GW by end of 2022 – IEA

Thu, 10 Nov 2022 11:34:59 +1100

Andrew Pam <xanni [at] glasswings.com.au>

Andrew Pam
<https://www.pv-tech.org/the-world-installed-174gw-of-solar-in-2021-and-is-on-track-to-deploy-260gw-by-end-of-2022-iea/>

"The world installed around 174GW of solar PV in 2021, a 20% jump on the
previous year, and is expected to deploy 260GW this year, barring any major
disruptions to international trade.

Those, among many others, were the findings of the International Energy
Agency’s (IEA) Trends in PV Applications 2022 report, which also examined
solar installations across different countries and regions as well as the key
drivers for growth.

The report showed how 2021 witnessed the total business value of the global
solar PV sector in 2021 reach US$190 billion, with 174GW installed in that
year. This takes global capacity to just shy of 1TW – 946GW as of the end of
2021. World PV installations surpassed 1TW in March this year, according to
some measurements.

The IEA report said the figure of 174GW represented the “minimum capacity
installed” during 2021 with “a reasonably firm level of certainty”.

“This level is the highest ever recorded for PV installations, despite the
pandemic related perturbations which have delayed market development in several
countries,” said the IEA, noting that the true impact of the pandemic was hard
to quantify given many projects were pushed back to later in the year.

The report mapped the installation of PV deployment over the last 10 years,
showing a massive growth in solar activity across the world but particularly
the countries in its report.

The IEA participating countries are Australia, Austria, Canada, Chile, China,
Denmark, Finland, France, Germany, Israel, Italy, Japan, Korea, Malaysia,
Mexico, Morocco, the Netherlands, Norway, Portugal, South Africa, Spain,
Sweden, Switzerland, Thailand, Turkey, and the US."

Via Christoph S.

Cheers,
       *** Xanni ***
--
mailto:xanni@xanadu.net               Andrew Pam
http://xanadu.com.au/                 Chief Scientist, Xanadu
https://glasswings.com.au/            Partner, Glass Wings
https://sericyb.com.au/               Manager, Serious Cybernetics

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