Global Solar Installations Could Reach 209 GW This Year as BNEF Projects 13 to 50% Growth
- Mar 1, 2021 1:51 am GMT
New installations of photovoltaic solar capacity will reach 160 to 209 gigawatts (that’s up to 209 billion watts) this year, with booming activity in most markets around the world, Bloomberg New Energy Finance (BNEF) reported in an analysis released this week.
Even the lower-end scenario in Bloomberg’s quarterly Global PV Market Outlook “would constitute a 13% jump on 2020’s installation figure of around 141 GW, with the 209-GW figure amounting to a near 50% increase in installations,” PV-Tech writes. “Annual deployment is also expected to continue to climb over the coming years, with BNEF’s optimistic forecast expecting 221 GW to be installed in 2022 and 240 GW in 2023.”
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