capacity additions

The levelised cost of energy for solar PV will drop to US$21/MWh by 2050, according to DNV's Energy Transition Outlook 2030.

2023 is on track to be a “record year” for solar PV installations in the US; through August, 8.4GW of utility-scale solar was installed, 50% more than the equivalent point in 2022. In those deployments, some trends have emerged.

France has awarded 1.5GW of ground-mounted solar PV capacity in its latest auction, concluded this week (26th September).

The Israeli government has published a tender seeking bids for a 100MW solar PV project to be built near the Ashalim settlement, a solar power hub in the country.

Italy has installed more than 2.3GW of solar PV in the first half of 2023, according to the latest figures from industry association Italia Solare.

Solar PV has led the European Union’s growth in renewable energy generation during the first half of 2023, up 13% from H1 2022.

Continuing a downward trend of capacity additions, India has added 1.7GW of solar capacity in the second quarter of 2023, according to consultancy Mercom India Research.

India has surpassed 70GW of installed solar capacity as of the 30th June this year, according to the country’s government. It initially had a target of 100GW capacity by 2022.

Chinese module manufacturer GCL System Integration (GCL SI) has commissioned the first phase of its 20GW tunnel oxide passivated contact (TOPCon) cell plant in Wuhu, China.

India installed 6,794MW of solar PV in H1 (January – June) 2023, a 19% decrease year-on-year from 2022 according to energy analyst JMK Research.