TSEP#144 Global Market Outlook 2023-2027 – The Dawn of the Terawatt Age
2022 is the year that unleashed the global solar potential in a new way. The global solar market grew 45 percent in 2022, with 239 Gigawatts (GW) worldwide. Solar PV expanded its position as leading renewable energy source, with two thirds of total installations. Those are new numbers published in the Global Market Outlook for Solar Power 2023-2027, which the European Solar Association SolarPower Europe releases annually. To get a little bit in depth with some of the studies outcomes, we talked with Michael Schmela. Michael is Executive Advisor to the CEO and a member of the leadership team of SolarPower Europe. Timeline: 02:10 About the most groundbreaking news or developments highlighted in the new Global Market Outlook Edition 06:33 The solar growth forecast points out that installed capacity is expected to double every three years. What are the main conditions to enable this growth? 12:46 Grid bottlenecks as one of the main obstacles for solar growth: What measures must be taken immediately and in the medium run to fix the problem? 15:41 Is the prospected solar growth enough to achieve global decarbonization through renewable energies? Download the "Global Market Outlook for Solar Power 2023–2027": https://www.intersolar.de/publikationen/global-market-outlook-for-solar-power Questions or suggestions? Then send us an email to podcast@thesmartere.com