Global solar energy investment will surpass oil for the first time in 2023 as PV leads the charge in a projected 24% increase in clean energy investment compared with 2021.
China’s solar exports have continued to grow as demand from global consumers and developers increased, while its dominance in PV manufacturing will likely continue, according to Wood Mackenzie’s recent study.
Announced solar PV manufacturing capacity across the globe has met the deployment levels suggested by the International Energy Agency towards 2030, but only 25% of the announced projects could be considered as committed, according to IEA's recent study.
A total of 247 module types from 35 manufacturers have been named “Top Performers” by PV Evolution Labs (PVEL) in its 2023 Module Reliability Scorecard, more than doubling last year’s numbers and the highest ever.
UAE state-owned renewable energy developer Masdar has signed a joint development agreement (JDA) with the Uzbekistan government to develop more than 2GW of solar and wind projects.
Korean-owned PV manufacturer Qcells has plans to invest US$100 million into a perovskite-tandem cell production line at its factory in Jincheon, South Korea.
