Spring 2023 Solar Industry Update [Slides]

Abstract

Global Solar Deployment• IEA reported that in 2022, 231 GWdc of PV was installed globally, bringing cumulative PV installs to 1.2 TWdc.-China's annual PV installations grew 57% y/y in 2022, representing 42% of total global demand, with the majority coming from distributed PV.-The U.S. was the second-largest market in terms of cumulative and annual installations.• Analyst project 2023 annual installations to grow to more than 300 GW and by 2025 more than 400 GW. U.S. PV Deployment• In 2022, PV represented approximately 46% of new U.S. electric generation capacity, compared to 4% in 2010. • Solar still represented only 9.0% of net summer capacity and 4.7% of annual generation in 2022. • However, 16 states generated more than 5% of their electricity from solar, with California leading the way at 27.3%. • The United States installed 17.0 GWac (20.2 GWdc) of PV in 2022, ending the year with 110.1 GWac (140.6 GWdc) of cumulative PV installations. • The United States installed approximately 14.1 GWh, 4.8 GWac of energy storage onto the electric grid in 2022, up 34% y/y. PV System and Component Pricing• The median system price for a select group of utility-scale PV projects in 2022 was $1.49/Wac-up 13% y/y.• The median reported price by EnergySage for residential PV systems increased 6.3% y/y to $2.85/Wdc -the third straight period of increase, after never having done so before.

Degradation Science from Nanometers to Kilometers: A Pathway to Rapid Detection for Reliable Photovoltaics

“…[ 8 ] Considering that the USA had a cumulative installed capacity at the end of the third quarter in 2022 of ≈130 GW, targeting 1 TW will present a substantial challenge. [ 9 ] If we could reduce the performance loss from a median of 0.75% year −1 to 0.50% year −1 , the savings would be several US $ billion (see ). It would also reduce yearly decommissioning, replacement, and recycling demand by 2.5 GW PV module capacity covering approximately 30 km 2 every year using current land requirements.…”