Chart: Solar installations set to break global, US records in 2023

Thu, 2 Nov 2023 04:42:49 +1100

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

Andrew Pam
<https://www.canarymedia.com/articles/solar/chart-solar-installations-set-to-break-global-us-records-in-2023>

"The solar industry is having yet another record-setting growth year, globally
and in the U.S. A perfect storm of policy, incentives and still-plummeting
costs has made solar the clear choice for new generation capacity worldwide.

Research firm BloombergNEF expects global solar installations to rise by 56
percent in 2023, according to a September report.

While solar deployments in the U.S., South America and the EU are growing fast,
China continues to lead the way — it’s expected to account for 50 percent of
new global solar PV projects by 2024.

But China’s leadership extends beyond brand-new projects: Its installed
capacity is expected to cross the 500-gigawatt mark by the end of 2023 and is
expected to double to 1 terawatt by the end of 2026, according to recent data
from Rystad.

Meanwhile, total U.S. installed solar capacity is nearly 160 gigawatts today
and will rise to about 209 gigawatts in 2026, or around 11 percent of the
global total, according to Rystad. Much of that increase will stem from the
Inflation Reduction Act’s generous incentives."

Via Future Crunch:
<https://futurecrunch.com/good-news-child-poverty-leprosy-conservation-california/>

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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