Renewables manufacturing was 4% of 2023 GDP growth

The Advancing Clean Technology Manufacturing report highlighted the substantial growth in global investment in PV manufacturing in 2023, with China dominating the market. The report projects that the US and Europe will see significant growth in PV capacity by 2030. However, oversupply issues and low utilisation rates in current production facilities pose challenges. Factors like domestic market size, skilled workers, infrastructure readiness, and regulatory regimes are key drivers for new investments in clean energy manufacturing projects.

Source:

https://www.pv-tech.org/renewables-manufacturing-was-4-of-2023-gdp-growth/

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