Solar Photovoltaic Power Generation Index Cooperation

How many solar PV installations are there in 2022?

The solar PV market maintained its record-breaking streak, with new capacity installations totalling to approximately 191 GW in 2022 (IRENA, 2023). This was the largest annual capacity increase ever recorded and brought the cumulative global solar PV capacity to 1,133 GW.

Which countries have a significant contribution to global solar PV capacity?

Countries like China, the United States, Japan, India and Germany have made some of the significant contributions to global solar PV capacity.

Is solar PV a competitive source of new power generation capacity?

Solar PV is emerging as one of the most competitive sources of new power generation capacity after a decade of dramatic cost declines. A decline of 74% in total installed costs was observed between 2010 and 2018 (Figure 10).

How do governments support solar PV development?

Loans with low interest rates and other concessionary terms, such as extended tenors or risk sharing, have also been deployed by governments to support solar PV development.

Is China's international competitiveness of solar PV products strong?

(1) China’s international competitiveness of solar PV products is strong and continues to improve, while Japan continues to decline and South Korea is growing slowly. The study shows that in terms of the competitiveness of solar products, we can analyze both from a static cross-section and a dynamic trend.

Are solar PV project insurance policies standardised?

Demand for solar PV project insurance is increasing. However, in most countries, the insurance industry has not standardised insurance products for PV projects or components. A number of insurers provide solar PV project insurance policies, but underwriters’ risk models have not yet been standardised.