'PV, battery manufacturing investment soars'
- Admin
- May 6, 2024
- 1 min read
Investment in clean energy manufacturing including solar panels and batteries has surged, creating a major economic impact globally, as per a report by the International Energy Agency (IEA). In 2023, investments in clean energy manufacturing totalled US$200 billion, marking over a 70% increase from the previous year, representing around 4% of global GDP growth. Expansion in solar and battery manufacturing is significant, closely aligning with the IEA's net zero emissions scenario for 2030. The report suggests a trend towards less geographical concentration in manufacturing, with significant capacity developments projected in Europe and the US. The analysis underlines China's dominance as a low-cost producer, but also notes the potential for policy to influence production costs in other regions.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
