How China, Innovations, and Investments are Transforming the Global Solar Market

The smarter E Podcast Episode 184 | July 25, 2024 | Language: English

According to the latest edition of the Global Market Outlook for Solar Power, the solar energy industry experienced exceptional growth in 2023, exceeding all expectations. With 447 GW of new installed capacity, solar continues to dominate the global energy transition, accounting for 78 percent of new global capacity additions. How has solar grown so fast, and which regions and technologies have contributed to this boom?

What policies are needed to sustain this growth, and how can investment be equitably distributed around the world? We talk about this in the latest episode with Christophe Lits, market analyst at SolarPower Europe.

Timeline:

  • 03:07 The Global Market Outlook shows that 447 GW of new solar capacity was installed worldwide in 2023. What were the main factors behind this impressive growth?
  • 08:28 What are the consequences of the strong concentration of the solar market in China, in terms of installations and production capacity?
  • 09:51 How will the solar market develop in the USA, where modules cost 2-3 times as much due to tariffs and remuneration models such as net metering are now being scaled back?
  • 12:22 What technological innovations have contributed to the rapid expansion of solar energy?
  • 15:33 The IEA reported that investment in solar energy has outpaced all other generation technologies. What are the main reasons for this investment boom?

About The smarter E Podcast

The smarter E podcast is all about the current trends and developments in a renewable, decentralized and digital energy industry. Our moderators Tobias Bücklein and Zackes Brustik welcome and interview personalities who shape our industry and drive developments forward. A new episode is published every Thursday.

Click on the logo to listen to the podcast on the platform of your choice.

About Christophe Lits and SolarPower Europe

Christophe Lits, Market Analyst at SolarPower Europe

Christophe supports the Market Intelligence departement in delivering high-quality market reports. He also monitors the development of EU and national policies related to solar energy as well as associated market trends to produce quantitative and qualitative research on the sector. Prior to SolarPower Europe, Christophe was an Audit Intern at Accountancy Europe. He holds a Bachelor’s in political science, Université Saint-Louis Bruxelles and a Bachelor’s in economics and management, Université Saint-Louis Bruxelles as well as a Master in economics, Université Catholique de Louvain. Christophe speaks Dutch, French and English.

SolarPower Europe is the award-winning link between policymakers and the solar PV value chain with the mission of ensuring solar becomes Europe's leading energy source by 2030.

Content Partner

The World’s Leading Exhibition for the Solar Industry
Learn more
Further Content
Ivan-Asen Ivanov, Energy & Climate Policy Officer at Eurelectric
Smart Buildings: The Future of Energy Efficiency & Climate Action

The smarter E Podcast Episode 156 | Language: English

November 9, 2023

We talk with Ivan-Asen Ivanov about how buildings can contribute to a successful energy transition.

Bruce Douglas, CEO of the Global Renewables Alliance
Double Down, Triple Up – The World Needs 3xRenewables

The smarter E Podcast Episode 154 | Language: English

October 19, 2023

We speak with Bruce Douglas about global companies calling for the goal of tripling renewable energy capacity

Jenny Chase, analyst with BloombergNEF's global Solar Insight Service
Global Market Development 2024: A Year of Solar Superlatives?

The smarter E Podcast Episode 160 | Language: English

December 21, 2023

We speak with Jenny Chase about the astonishing and at the same time controverse developments in the global solar market.

Christoph Strasser, CEO of MaxSolar
Solarpark Bundorf: Sector Coupling at Its Best

The smarter E Podcast Episode 164 | Language: English

February 1, 2024

We spoke to Christoph Strasser, CEO of MaxSolar GmbH, the company behind the project, to find out how sector coupling works.

Julia Souder, CEO of LDES Council and Alan Greenshields, Director EMEA at ESS Inc.
The Role of LDES in Ensuring a Renewable Energy Supply 24/7

The smarter E Podcast Episode 165 | Language: English

February 8, 2024

We spoke with our expertes Julia Souder and Alan Greenshields about LDES and the latest developments and market potentials.

You are using an outdated browser

The website cannot be viewed in this browser. Please open the website in an up-to-date browser such as Edge, Chrome, Firefox, or Safari.