capacity additions

118 countries have signed the ‘Global Renewables and Energy Efficiency Pledge’ on Saturday (2 December) at COP28 in Dubai to treble global installed capacity by 2030.

China is on track to install a record 230GW of new solar and wind capacity this year, according to a report from Wood Mackenzie.

The UK solar industry is set to add an additional 1.7GWpdc of new PV capacity in 2023, according to the Solar Media Market Research team.

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.