Every day there is more than 1GW of new #solar being installed across the world with #China leading the way with 1GW every second day. China will install an incredible 200GW of #PV this year which is more than the #Unitedstates has installed over the last two decades! The good news is that solar installations will be higher in most countries across the world with the #US set to install a record 33GW, then #Brazil and #India on 16GW with #Germany next on 11GW. Total demand for solar panels could be 400GW which would be 50% higher than in 2022!
This is incredible. Super post! Did you come across the percentage of the 200 GW being added in China that are solar rooftop, behind the meter?
Absolutely stunning. If it's certainly positive in a way, it will definitely create longer term more and more issues on grid management as the storage capacity curve is very far from following this acceleration. The duck curve effect is now proven and impacting many regions. See Texas just few days ago : https://www.linkedin.com/posts/sheridandoug_texas-ercot-heatwave-activity-7100527810481459200-Ofsf
Brazil's advances towards PV is what surprises me the most, specially considering the significant high price volatility of electricity. The country aims for 200GW renewable energy installation by 2030. Green steel projects are taking off as well.
Gotta love #solarpanels & #batterystorage both technologies on a steep experience curve. more investment = bigger price drops = more investment, creating a virtuous circle. The future is electric.
Don’t forget to mention that China plans to also build over 50GW of new coal in 2023 as well 🙄.
Too poor efficient to increase 10 times the power. Must use concentration solar techno to make a big step forward. Copy what others doing isn't a good idea
Making it real, Gerard Reid. Making a BIG statement energy transition is real, and gaining speed. Keep up the good work.
Some very positive news. Likely even more PV next year... and the next...
Back of the envelope, around 21 - 30 GW thermal HEAT capacity are installed through heatpumps. The all contribute to less energy demand (more electricity… but that’s coming, as Gerard Reid writes). I can do a more detailed calculation. Intersting?
Gerard Reid - Thank you, great to see these numbers. But... How much of the installed solar in China will actually be connected to the grid? They lag in some provinces by months to years in interconnecting How much renewables curtailment happens in China, these numbers are not transparent. #CERPI #STATEGRID