The terawatt era of PV: ‘Solar will be the gas of today’

The Green Blueprint

When the numbers for 2023 are finalized, there could be another 320 to 413 gigawatts of solar installed around the world – bringing global capacity to nearly 1.5 terawatts.

Solar is now on track to surpass coal and fossil gas capacity in the next few years, bringing generation to 10% of global electricity supply.

There's universal recognition that we're firmly in the solar era. But outlooks on how fast the technology will grow are mixed. And that's because a mix of constraints – market design, trade barriers, and grid capacity – could cap yearly growth.

This week on The Carbon Copy, we talk with Wood Mackenzie's Michelle Davis about the tech and deployment trends that will shape the next decade of solar PV expansion.

Sign up for Latitude Media’s Frontier Forum on January 31, featuring Crux CEO Alfred Johnson, who will break down the budding market for clean energy tax credits. We’ll dissect current transactions and pricing, compare buyer and seller expectations, and look at where the market is headed in 2024.