The growth of renewable energy sources is inescapable, and as the world grapples towards net zero it’s only likely to get bigger. Recent figures from the International Energy Agency (IEA), suggest that solar, wind and other renewable energy sources are expected to continue growing, even hinting that there will be as much capacity added in the next five years as in the last 20.
What does this demand mean for the solar sector in particular? According to a study by REC Group, for solar energy to make a contribution towards limiting the global temperature increase to 1.5°C, around 500 to 600 GW of new solar photovoltaic (PV) capacity will need to be installed on average per year. That’s the equivalent of approximately 1.2 to 1.5 billion solar panels of 400 Wp power every year.
