Solar PV was world’s fastest-growing source of electricity generation in 2023

Solar PV's generation growth in 2024 is expected to surpass that of 2023. Solar energy leads the global electricity mix with significant growth. China, EU, US, and Brazil are major contributors to solar power growth. Renewables, particularly solar PV and wind, have surpassed 30% of global electricity generation. Forecasts suggest a rapid increase in solar capacity, driven by falling panel prices. The article also highlights challenges such as underperformance in solar generation and curtailment issues in certain markets.

Source:

https://www.pv-tech.org/solar-pv-was-worlds-fastest-growing-source-of-electricity-generation-in-2023/

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