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China and India lead the global growth in solar power

 Last Update: 2022-12-27
 Source: Internet
 Author: User

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According to an analysis by IEEFA, the Institute for Energy Economics and Financial Analysis, China and India are driving the rapid development
of large-scale solar power generation around the world because of the falling cost of building new projects.

IEEFA said in a report: "Solar energy is playing an increasingly important role
in driving the ongoing transformation of the global power generation market, storage, wind, hydropower and energy efficiency.

According to IEEFA, the world's largest utility-scale solar projects are concentrated in China and India, including:

According to Bloomberg New Energy Finance data, IEEFA said that in 2017, 98 GW of new solar energy were installed worldwide, and China accounted for 53 GW
.
At the same time, the cost of electricity over the life of the generation asset fell 15% year-over-year to $86/MWh
.

solar energy

According to IEEFA, the world's largest utility-scale solar projects are concentrated in China and India, including:

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