Global solar installed capacity up 87% to 447GW in 2023
- Admin
- Jun 18, 2024
- 1 min read
In 2023, the global solar installations increased by 87% with 447GW of new solar capacity installed, reaching a total of 1.6TW. China dominated the growth followed by the US. The US added 32.4GW of solar capacity, Europe and India also saw significant growth. Solar power is becoming a cost-effective solution to high energy prices. The CEO of SolarPower Europe commented on the importance of global access to financing for solar growth. Countries like China, the US, Brazil, and Germany led in solar installations in 2023. The article also highlighted the potential for further solar capacity growth in the future.
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