The non-hydropower renewables sector in APAC is expected to grow by 10.4% annually to 3,010GW in 2032, according to research firm BMI Research’s recent study Asia Power Regional Overview: Growing Policy Momentum Boosts Solar And Wind Expansions.
PV Tech caught up with PV manufacturer TW (Tongwei) Solar at Intersolar 2023 about its rapid global expansion and embracing the vertically integrated industry development.
The Queensland government has announced to build 12 renewable energy zones (REZ) across the state as part of its effort to deploy 22GW of new wind and solar energy generation by 2035.
The Australian government and the renewables sector in the country have been ramping up its energy transition efforts. Although a lot of new policies and projects were announced in recent years, experts said more has to be done to address labour shortages, skills gaps and reliance on fossil fuels.
The world is increasing its installed solar PV capacity as 1TW will be added annually by 2030, while the annual polysilicon and wafer production capacity will continue to rise, according to the report Powering a Green Future: A Forecast to 2030 for Solar, Wind, and Energy Storage published by Taiwanese renewables research firm InfoLink Consulting.