THE BIG PICTURE [Infographic]: Solar’s Explosive Growth

January 2, 2020 admin Business, climate change, Environmental, iea, infographic, Infographics, International, irena, Markets, news, Renewables, Solar, solar growth, solar pv, Technology, world energy outlook 2019

Credit to Author: Tracey Lilly| Date: Thu, 02 Jan 2020 05:00:30 +0000

The post THE BIG PICTURE [Infographic]: Solar’s Explosive Growth appeared first on POWER Magazine.

According to the International Energy Agency’s (IEA’s) World Energy Outlook 2019, solar photovoltaic (PV) is set to become the largest source of installed electrical capacity in about 2035, if countries pursue policies as planned. By 2040, solar could make up 24% of global installed capacity—up from 7% in 2018—but its share of generation could hover around 11%, up from 2% in 2018. In regions like China, solar could overtake coal in the power mix by the mid-2020s. The IEA’s
projections for solar’s explosive growth are one of the largest differences between the current report and its 2018 edition. Sources: International Energy Agency, International Renewable Energy Agency.

The post THE BIG PICTURE [Infographic]: Solar’s Explosive Growth appeared first on POWER Magazine.

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