2TW of annual manufacturing capacity for solar PV by 2025! 🙌
Speaker, analyst, advisor, investor in the future economy. Host of Cleaning Up, podcast on leadership in an age of climate change. Managing partner, Ecopragma Capital.
Holy Moly, by 2025 there will be 2TW of annual manufacturing capacity for solar PV globally, 80% in China. If it were all built, installed and producing at 15% capacity factor, that's enough solar to cover an additional 9% of global power demand per year. Today, cumulative solar PV installed over the last 20 years is meeting about 7% of global power demand. Last year "only" 440GW were installed, and 670GW are expected this year, according to BloombergNEF. What happens next? Do installations race ahead to 1TW per year and beyond, unleashing shock-waves across the global economy? Or do they stall, bringing nuclear winter down on the Chinese solar industry? Buckle up, everyone. This is going to make Godzilla vs Kong look like a schoolyard tussle!