reports

The world will need to invest US$1.5 trillion per year until 2030 to meet the target of tripling clean power capacity by 2030.

Solar PV is set to account for 80% of the 5,500GW of new clean energy additions made by 2030, according to the IEA.

Investment in off-grid solar will be essential to provide electricity to 398 million people who are expected to be in energy poverty by 2030.

According to IRENA, the renewable energy employed 16.2 million people in 2023, of which 7.1 million jobs were in the solar PV industry.

Europe’s solar sector exceeded 800,000 full-time equivalent jobs for the first time in 2023, following record-breaking installation figures.

The world could meet the targets set out at last year’s COP28, as long as 'additional international efforts' are made, according to the IEA.

The global weighted average LCOE of utility-scale PV plants fell to US$0.044/kWh in 2023, a 12% year-on-year decline from 2022.

The world is on pace to add 593GW of new solar power capacity in 2024, a 29% increase over the capacity added in 2023.

The US Department of Energy (DOE) has published a draft roadmap to reform the grid connection processes for distributed renewable energy.

The Kiwa Group has published a report into PV module testing, which includes recommendations for a number of pass/fail module testing metrics.