Solar Is King 2023 — 50% Global Growth Predicted
With COVID-19 shutdowns behind us and markets settling after the initial energy shock of the Russian invasion of Ukraine, it is likely that the 50% growth rate in solar installations will ease. However, there are still some growth drivers to consider: solar module prices have fallen by 30% since November 2022, quality and efficiency continue to improve, they are better supported by energy policy and storage each year, and new markets are opening up across the world.
“Besides China, the swiftest-growing large markets are Italy, Brazil, Germany, and Spain. … The stagnant markets are certain European and East Asian markets which are running into land use, workforce, and grid connection constraints. “The two biggest contracting markets, the US and India, are bracing for a rapid acceleration — their decline is caused by trade interruptions and subsidies . We will see both grow rapidly in the second half of this year, then much more swiftly in 2024, and they are also both successfully on track to use domestically manufactured modules. In India’s case, this uptick may already be visible in the figure for June 20233, if it’s not random variation.
Rooftop installations in China have dipped back below 50%. The boom there is obviously due to “multi-GW” complexes mixing photovoltaics, wind, and energy storage, especially in the northwest of the country.Sitting on my back deck in Brisbane, Australia, I am surrounded by rooftops decorated with solar panels. I check the NEM widget and am informed that Australia’s main grid is running on 58% renewables. Unsurprisingly, since it is near mid-day, the bulk of that is solar.
Unfortunately, the media business is still a tough, cut-throat business with tiny margins. It's a never-ending Olympic challenge to stay above water or even perhaps —
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
50 Over 50: Asia 2023Introducing 50 women over age 50 from Asia-Pacific who are reaching new heights in their industries and inspiring the region’s next generation.
Read more »
50 Over 50: Asia 2023Doris Hsu has led GlobalWafers to become a publicly-traded company on the Taiwan Stock Exchange, with a market capitalization of nearly $6 billion, backed up by sales of $2.3 billion in 2022. ForbesOver50 50 Over 50: Asia 2023:
Read more »
50 Over 50: Asia 2023In September 2022, Vicki Brady became the first female CEO of Telstra, Australia’s largest telecommunications company by market share. She made this year's 50 Over 50 Asia list. ForbesOver50
Read more »
50 Over 50: Asia 2023Ever since 2008, when Chew Gek Khim outbid another powerful Singaporean family for control of Straits Trading, she has modernized a colonial-era tin smelting interest into a diversified property and hospitality firm. ForbesOver50 50 Over 50: Asia 2023:
Read more »
50 Over 50: Asia 2023Doris Hsu has led GlobalWafers to become a publicly-traded company on the Taiwan Stock Exchange, with a market capitalization of nearly $6 billion, backed up by sales of $2.3 billion in 2022. ForbesOver50 50 Over 50: Asia 2023:
Read more »