Renewables manufacturing was 4% of 2023 GDP growth
- Admin
- May 8, 2024
- 1 min read
The Advancing Clean Technology Manufacturing report highlighted the significant growth in global investment in PV manufacturing in 2023, led by solar PV expansions, with China playing a major role. The report emphasized the oversupply issue affecting the PV supply chain and the challenges posed by low average utilisation rates of solar module production facilities globally. It mentioned the key factors driving new investments in manufacturing including market size, skilled workforce, infrastructure, and regulatory regimes. The article also pointed out the importance of research and development in driving new manufacturing ventures, particularly highlighting the potential for innovation in the energy sector.
Source:
Want to read more?
Subscribe to vitaliydaviy.wixsite.com to keep reading this exclusive post.
