“China’s pace in adding solar PV continues to be on the rise this year, with over 102GW of capacity added in the first half of 2024 … this represents a 30.68% yearly growth.
Aside from China’s growth, the low price of module components … has been a driver for demand in new markets, such as Pakistan, according to BNEF. Neighbouring country India, has also had a stellar growth so far this year. Market research firms [have estimated between] 12.2GW and 15GW of PV capacity installed in the first half of 2024 for India.”
goodsam2 on
How do they still not see it as an S curve. Every year they expect it to level out and every year it’s increasing at an increasing rate.
ac9116 on
I always love charts like this. “See the exponential growth every year including this year? Yeah from now on it’s a flat 5% growth.”
This chart even has a bonus, projecting a decline in China PV within 10 years.
3 Comments
“China’s pace in adding solar PV continues to be on the rise this year, with over 102GW of capacity added in the first half of 2024 … this represents a 30.68% yearly growth.
Aside from China’s growth, the low price of module components … has been a driver for demand in new markets, such as Pakistan, according to BNEF. Neighbouring country India, has also had a stellar growth so far this year. Market research firms [have estimated between] 12.2GW and 15GW of PV capacity installed in the first half of 2024 for India.”
How do they still not see it as an S curve. Every year they expect it to level out and every year it’s increasing at an increasing rate.
I always love charts like this. “See the exponential growth every year including this year? Yeah from now on it’s a flat 5% growth.”
This chart even has a bonus, projecting a decline in China PV within 10 years.