INDUSTRY NEWS

Solar PV was world’s fastest-growing source of electricity generation in 2023

2024-05-09

Solar PV’s generation growth in 2024 is forecast to be even faster than in 2023. Chart: Ember.

For the second year in a row, global growth in solar PV generation capacity outpaced that of wind in 2023, according to energy think tank Ember.

Ember’s fifth annual Global Electricity Review revealed that solar generation grew by 23% in 2023, the fastest-growing electricity source for 19 years in a row. With 1,631TWh, solar PV accounted for 5.5% the global electricity mix, up from 4.6% in 2022. Solar’s generation growth in 2024 is expected to be even larger due to a record surge of installations towards the end of 2023.

(The above content is reproduced from pv-tech,By Jonathan Touriño Jacobo)

 

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