A new SolarPower Europe report has found that new solar installations in 2023 grew by 87% year-on-year to bring the world’s total solar-energy capacity to a whopping 1.6 TW. Solar energy is still ahead of other green-energy sources, partly due to low prices, and accounted for 78% of global green-energy installations last year, making it one of the world’s primary sources of renewable energy.
According to the report, new global solar installations in 2023 reached 447 GW compared to 239 GW the previous year. SolarPower Europe’s annual Global Market Outlook for Solar Power 2024–2028 estimates that the world’s total solar capacity could potentially reach 2 TW by the…
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