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Global Solar Capacity Surges, Reaching 1419 GW in 2023


Last Update 06 November 2024

Global Solar capacity has grown from 1.22 GW in 2000 to 1,418.97 GW in 2023, with projections to reach 7,203 GW by 2030. Solar manufacturing now exceeds demand, reducing costs, while solar jobs have surged to 7.1 million. Technological advancements have reduced silicon usage by 88%, and utility-scale solar costs have dropped 90%, making Solar more affordable globally.

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