global capacity increase

At the COP28 summit, world leaders have called for a global push to triple renewable energy capacity and "transition away" from fossil fuels.

Over 1,183GW of solar PV plants have been installed as of the end of 2022, of which 65% were added in the last five years.

acity must reach 5.2TW by the end of the decade in order to meet the 1.5°C Paris climate goal, according the International Renewable Energy Agency (IRENA) latest World Energy Transition Outlook.

The world’s solar power generation capacity will have to reach 14.4TW in the next 30 years to ensure that the global temperature does not rise above 1.5 degrees celsius this century.

IHS Markit: Europe to add 19GW and US to overtake India in year where PV installations will reach 129GW worldwide and return to double-digit growth.

Global solar PV capacity could increase six-fold by 2030 and account for as much as 7% of worldwide power generation, according to the International Renewable Energy Association (IRENA).

Solar capacity grew by 47GW (26%) during 2015 as a result of module prices dropping as much as 80% over the same period, according to the latest data from the International Renewable Energy Agency (IRENA).