Global solar installs are expected to increase 35% YOY 2021 to 2022 in line with earlier predictions by think tank Rethink Energy.
, “global solar installations are on track for 222 GW of installations during 2022, and manufacturing output shows that next year this will rise by even more as solar manufacturing surges. This demonstrates that the solar industry has shaken off the drag ofand now prices will be back in step with solar ambition during 2023. 330 GW of solar panels was manufactured.”
“Two key geographical segments of the world are actually installing solar more slowly than last year and the most worrying is the US, which has been partially curtailed by the actions of the US Commerce Department and its anti-dumping action and doubly affected by slow execution now that the Inflation Reduction Act has been passed, as developers all stand in line waiting for subsidies — these will not emerge until well into the second half of 2023 — and even then only if projects can...
“Rethink Energy numbers show that in Q3 the world installed 54 GW of new solar capacity, and this is a 37.8% year-on-year increase. In total some 142.5 GW of solar was installed in the first nine months of the year, almost at par with full-year 2021. Our forecast shows that 222 GW will be installed in the entire year, with a year-on-year growth rate of 35%.
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