The Rise of Solar PV: Will the Real Energy Transition Begin From Corporations? – EQ Mag Pro
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The use of cleaner and sustainable energy sources has been trending under the global climate change mitigation agenda. Solar photovoltaics (PV) have shown rapid growth, especially in recent decades.
Its global installed capacity increased from only 1.4 gigawatts (GW) in 2000 to 627 GW in 2019. China (204 GW), the United States (76 GW), Japan (63 GW), Germany (49 GW) and India (43 GW) are the five largest PV user countries.
Vietnam emerged as a regional leader in Southeast Asia by successfully achieving 7.5 GW in just three years. This significant development is followed by Thailand (3 GW) and Malaysia (1.2 GW). Developing countries, including most Asian countries, are expected to lead the future of PV deployment.
The recent rapid expansion of PV capacity has resulted from dramatic declines in equipment cost and the local availability of abundant solar resources…Read More...
