A few days ago, rob Barnett, a senior clean energy analyst at Bloomberg, predicted that the global PV installed capacity would increase by 30% this year, and the demand would push the global solar energy growth to a new height. The global PV installed capacity is close to 1 TW, which is an impressive milestone on the path of energy transformation. This year’s PV installed capacity is expected to reach 250gw.
In 2022, China is expected to put about 108 GW of photovoltaic power into operation. China is the world’s largest renewable energy investor, with 323 GW of photovoltaic power and 338 GW of wind power.
Renewable energy also reached a record high in the United States. In April, the renewable energy generation capacity of solar and wind energy installations reached 28%. “The photovoltaic boom has just begun. For all companies involved in the solar supply chain, we really see this huge high-end growth prospect.” Barnett said.
Climate goals are one of the hot drivers of solar energy demand, but rob Barnett said that there is another force accelerating demand in the short term – the larger driver of clean energy demand, especially in Europe, is the rise in energy costs.
The cost of photovoltaic continues to decline, making it more competitive with oil. The price of oil soared after Russia invaded Ukraine. According to the module shipment report recently released by the energy information administration, the shipment of solar modules has dropped sharply in 20 years, from $4.88/w in 2000 to $0.34/w in 2021.
Barnett predicted that the demand for solar energy will maintain its momentum even if oil and gas prices cool down.
Post time: Sep-06-2022