Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).
Silicon-based tandem solar cells and modules are expected to enter commercial production in 2027 with a module efficiency of 27%, according to the latest International Technology Roadmap for Photovoltaic (ITRPV) published by German engineering association VDMA.
Installed solar and wind capacity is set to treble from now until 2030, and treble again between 2030 and 2050 to reach 31TW, according to BloombergNEF (BNEF).