Solar – IEA – IEA

0 minutes, 54 seconds Read

Utility-scale plants were responsible for about half of global solar PV capacity additions in 2022, followed by distributed capacity in the commercial and industrial (25%) and residential (23%) segments. The share of utility-scale plants was at its lowest since 2012, as generous policy incentives drove record distributed PV capacity additions in China, Brazil, the United States and the European Union in 2020-2021.  

In the context of high fuel and electricity prices in 2021-2022, distributed PV became an increasingly attractive alternative for many consumers, which has sparked investment. Utility-scale systems are the cheapest source of electricity generation in most parts of the world. However, building large-scale installations is becoming increasingly challenging in many countries due to the lack of suitable sites and complicated permitting procedures, which favours small-scale, rooftop PV systems.  

Continuous support for all PV segments will be needed for annual solar PV capacity additions to increase to about 800 GW, in order to reach the more than 6 000 GW of total installed capacity in 2030 envisaged in the NZE Scenario. Distributed and utility-scale PV need to be developed in parallel, depending on each country’s potential and needs. 

This post was originally published on 3rd party site mentioned in the title of this site

Similar Posts