European Solar believes that with global supply chain issues largely resolved and huge photovoltaic capacity being built, prices across the value chain have fallen significantly in recent months, which will push demand to a new level. Overall, we are more confident than ever that solar will continue to grow rapidly in the coming years. How quickly depends on the regulatory environment required to enable this growth – from simpler permitting and greater grid capacity, to supported solar storage hybrid solutions. Our 2023 high scenario forecasts 402 GW of new photovoltaic capacity this year, approaching 800 GW in 2027, and reaching 1 TW per year by 2030.

If we want to summarize the views of European solar energy, it is that nothing can stop mankind's yearning for a better life. In a net-zero emission world, solar energy means a better life.

Recently, Deloitte Energy and Industrial Research Center released the "2024 Renewable Energy Industry Outlook" - focusing on the US market. The report states that by the end of 2023, U.S. utility-scale solar capacity will more than double from 2022 to a record 24 gigawatts.trina solar panels