What is a snapshot of global PV markets?

This 11th edition of the “Snapshot of Global PV Markets” aims at providing preliminary information on how the PV market developed in 2022. The 28th edition of the PVPS complete “Trends in Photovoltaic Applications” report will be published in Q4 2023.

Which countries have a strong PV market?

The American market contracted to 18,6 GW under the combined influence of trade issues and grid connection backlogs, whilst Brazil installed a high 9,9 GW, nearly doubling the previous year’s new capacity. India once again showed strong growth with 18,1 GW, predominantly in centralised systems, and a PV penetration of nearly 10%.

Is solar now a mainstream energy source?

With the hindsight of the past three years, clearly solar is now a mainstream energy source. In 2022, solar PV generated approximately 50% of the total renewable electricity production from new production assets despite being two thirds of new capacity.

Why is the PV value chain fragile in 2021 & 2022?

The different disruptions of 2021 and 2022 (covid, geopolitical tensions around the world and pollution episodes in China) have highlighted the fragility of the PV value chain, at a time when governments are looking to increase generation from PV.

What will IEA PVPS look like in the future?

In the coming years, IEA PVPS will follow the dynamic evolution of decommissioning, repowering and recycling closely, with the expected impact on the installed capacity, market projections for repowering and the decline in PV performances due to ageing PV systems.

What is the IEA photovoltaic power systems programme?

The IEA Photovoltaic Power Systems Programme (IEA PVPS) is one of the TCPs within the IEA and was established in 1993. The mission of the programme is to “enhance the international collaborative efforts which facilitate the role of photovoltaic solar energy as a cornerstone in the transition to sustainable energy systems.”