The Institute of Energy Economics and Financial Analysis (IEEFA) reports the cumulative capacity of installed and deployed photovoltaic (PV) cells worldwide in 2022. Increased by more than 25 percent due to price hikes in the post-COVID-19 era and geopolitical battles.

According to the 2023 Global PV Market Overview report released by the International Energy Agency (IEA), the cumulative capacity of installed and deployed PV cells worldwide is about 1.2 TW (TW). As of the end of 2022, China is still the country with the largest installed capacity.

The institute, citing data from PV Tech, a technology news source, reported that by 2022, there were 240 GW of solar PV installations and utilization worldwide, bringing the cumulative capacity to 1,185 GW. Maintain the position with the highest accumulated production capacity and new production capacity. This added 106 gigawatts of capacity, or 44 percent of the global capacity increase.

The European Union (EU) has 38.7 GW of new PV installed capacity in 2022, up from 27 GW in 2021 and 20 GW in 2020. The EU is the second-largest market in the country. In terms of cumulative capacity (209.3 GW), this was led by Spain (8.1 GW), Germany (7.5 GW), Poland (4.9 GW) and the Netherlands (3.9 GW).

The United States has just 18.6 GW of new PV installed capacity in 2022, down from 27 GW in 2021 due to the impact of trade issues. and solar power projects that are waiting to be connected to the electricity grid. representing a total volume of up to 1 terawatt

The Institute of Energy Economics and Financial Analysis is an independent think tank that examines issues. about markets, trends and energy policies Its mission is to accelerate the transition to a diversified, sustainable and profitable energy economy.

Source: Thai News Agency