TSEP#184 How China, Innovations and Investments are Transforming the Global Solar Market

The solar energy industry experienced exceptional growth in 2023,
exceeding all expectations. With 447 GW of new installed
capacity, solar continues to dominate the global energy
transition, accounting for 78% of new global capacity additions.
How has solar grown so fast, and which regions and technologies
have contributed to this boom? What policies are needed to
sustain this growth, and how can investment be equitably
distributed around the world? We talk about this in the latest
episode with Christophe Lits, market analyst at SolarPower
Europe.


 


Timeline:




03:07 The Global Market Outlook shows that 447 GW of new
solar capacity was installed worldwide in 2023. What were the
main factors behind this impressive growth?




08:28 What are the consequences of the strong concentration
of the solar market in China, in terms of installations and
production capacity?




09:51 How will the solar market develop in the USA, where
modules cost 2-3 times as much due to tariffs and
remuneration models such as net metering are now being scaled
back?




12:22 What technological innovations have contributed to the
rapid expansion of solar energy?




15:33 The IEA reported that investment in solar energy has
outpaced all other generation technologies. What are the main
reasons for this investment boom?




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podcast@thesmartere.com