Solar Power Europe expects more than 200 gigawatts of new PV capacity worldwide in 2022

The European photovoltaic industry association Solar Power Europe (SPE) estimates that 168 gigawatts (GW) of new solar power capacity were added worldwide last year, a rather low figure compared to other market analyses. For 2022, the »Global Market Outlook for Solar Power 2022-2026« presented at Intersolar Europe (part of »The Smarter E«) states an expected addition of more than 200 GW, i.e. growth of at least 19 percent.
SPE also concludes that in April of this year, global installed PV capacity surpassed one terawatt. According to the association’s estimates, the exponential market growth will more than double this figure to 2.3 terawatts by 2025.

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