What is a snapshot of global PV markets?

This 11th edition of the “Snapshot of Global PV Markets” aims at providing preliminary information on how the PV market developed in 2022. The 28th edition of the PVPS complete “Trends in Photovoltaic Applications” report will be published in Q4 2023.

What is the IEA photovoltaic power systems programme?

The IEA Photovoltaic Power Systems Programme (IEA PVPS) is one of the TCPs within the IEA and was established in 1993. The mission of the programme is to “enhance the international collaborative efforts which facilitate the role of photovoltaic solar energy as a cornerstone in the transition to sustainable energy systems.”

Why did the global PV base grow so much in 2022?

4.6MW PV system on an old industrial site at Retzwiller (France) image credits : TRYBA ENERGY. The global PV base once again grew significantly in 2022, reaching 1 185 GW (≈ 1,2 TW) of cumulative capacity according to preliminary market data, both despite and because of post-covid prices hikes and European geo-political strife.

What will IEA PVPS look like in the future?

In the coming years, IEA PVPS will follow the dynamic evolution of decommissioning, repowering and recycling closely, with the expected impact on the installed capacity, market projections for repowering and the decline in PV performances due to ageing PV systems.

Why is the PV value chain fragile in 2021 & 2022?

The different disruptions of 2021 and 2022 (covid, geopolitical tensions around the world and pollution episodes in China) have highlighted the fragility of the PV value chain, at a time when governments are looking to increase generation from PV.

Which countries have a strong PV market in 2021?

India once again showed strong growth with 18,1 GW, predominantly in centralised systems, and a PV penetration of nearly 10%. Strong volumes from Australia (3,9 GW despite supply chain issues), and Korea round out the regional market. Japan remained steady at 6,5 GW, the same as in 2021.