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Solar photovoltaic power generation will occupy an important position in world energy consumption in the near future

Jun 21,2024

Solar photovoltaic power generation will occupy an important position in world energy consumption in the near future

Solar photovoltaic power generation will occupy an important position in global energy consumption in the near future, not only replacing some conventional energy sources, but also becoming the main source of global energy supply. It is expected that by 2030, renewable energy will account for over 30% of the total energy structure, and solar photovoltaic power will also account for over 10% of the world's total electricity supply; By 2040, renewable energy will account for over 50% of total energy consumption, and solar photovoltaic power generation will account for over 20% of total electricity; By the end of the 21st century, renewable energy will account for over 80% of the energy structure, and solar power generation will account for over 60%. These numbers are sufficient to demonstrate the development prospects of the solar photovoltaic industry and its important strategic position in the energy sector.
According to the Renewable Energy Medium - and Long Term Development Plan, China aims to achieve a solar power installed capacity of 1.8GW (million kilowatts) by 2020 and 600GW (million kilowatts) by 2050. It is expected that by 2050, the installed capacity of renewable energy in China will account for 25% of the national electricity installed capacity, with photovoltaic power generation accounting for 5%. In the next decade or so, the compound growth rate of China's solar installed capacity will reach over 25%.

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