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Home » News » Solar » Global Solar PV Demand Expected to Surge by 40% in 2023, Fueled by Favorable Economics and Policy Support
Solar

Global Solar PV Demand Expected to Surge by 40% in 2023, Fueled by Favorable Economics and Policy Support

By Piers HarrettJune 29, 20233 Mins Read
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Global demand for solar photovoltaic (PV) installations is projected to experience a significant surge of up to 40% in 2023. This growth is attributed to favorable economics within the solar sector, combined with the implementation of broad policies such as the Inflation Reduction Act (IRA) and REPowerEU schemes. According to Bloomberg Intelligence's 'Global Solar Energy

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