Renewables manufacturing was 4% of 2023 GDP growth

The Advancing Clean Technology Manufacturing report indicates that global investment in PV manufacturing doubled in 2023 compared to 2022, reaching $80 billion. Solar PV expansions led clean energy manufacturing growth, accounting for 4% of global GDP. China dominated investments, though its global share decreased to 75% in 2023. The US and Europe are emerging as key players in new solar manufacturing projects, aiming to represent around 15% of global PV capacity by 2030.

Source:

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

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