The global cumulative PV capacity, installed and commissioned, increased by more than 25% last year thanks to post-Covid price hikes and geo-political strife.
According to the International Energy Agency’s (IEA) Snapshot of Global PV Markets 2023, China remained the nation with the biggest installed capacity, with the global total PV capacity reaching approximately 1.2TW by the end of 2022.
In 2022, a total of 240GW of new solar PV capacity systems were installed and commissioned worldwide, which resulted in the cumulative capacity reaching 1,185GW. China continued to dominate both new and cumulative capacity, as it added 106GW of capacity last year, or 44% of the global additions, with its cumulative installed capacity reaching 414.5GW. This increase was in line with the last two years’ increases (54.9 GW in 2021 and 48.2 GW in 2020).
Top 10 countries for annual installed PV capacity
- China | 106 GW
- EU | 38,7 GW
- USA | 18,6 GW
- India | 18,1 GW
- Brazil | 9,9 GW
- Spain | 8,1 GW
- Germany | 7,5 GW
- Japan | 6,5 GW
- Poland | 4,9 GW
- Australia 3,9 GW
38.7GW of solar capacity was added by the European Union last year, up from 20GW and 27GW in 2020 and 2021, respectively. Leading the way with 8.1GW, Germany (7.5GW), Poland (4.9GW), and the Netherlands (3.9GW), the EU accounted for 209.3GW of the total market capacity.
Due to a combination of trade disputes and grid connection backlogs that topped 1TW of solar projects awaiting interconnection access, the US built just 18.6GW last year, down from 27GW in 2021.
Despite only adding 6.5GW of capacity in 2022, India’s installed capacity fell short of Japan’s 84.9GW, with an annual capacity of 18.1GW. Japan’s cumulative capacity was only 79.1GW.
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