Global PV installations may hit 660 GW in 2024 | Hacker News Reader

Global PV installations may hit 660 GW in 2024

pv-magazine.com

26 pointslocallost9 comments

I’m not in the industry, but I’ve been watching solar and batteries since around 2014. It’s been incredible to watch. The prices have fallen so much that solar is competitive in large parts of the world. It seems clear that by 2030 solar and batteries will outcompete every other form of energy generation. The only exception will be very far north countries.

1 TW per year of factory production is just around the corner.

> The researchers note the shipment targets of the world’s six largest solar module suppliers, who are aiming for an annual growth rate of 40% on average.

That puts us within ~1TW/year in ~18 months. Global solar capacity was 1.6TW at the end of 2023.

With the caveat that these are estimates. But I think we'll get there before 2030 and I feel it's conservative to say.

The demand is certainly there, considering the fossil generation globally to be pushed out, but agree we must see if supply will follow.

https://globalenergymonitor.org/projects/global-coal-plant-t...

I thought we are having oversupply right now.

Module prices drop, deployment demand soaks up modules, and so on as the market attempts to but doesn’t reach equilibrium. Unless I misunderstood the inquiry?

If you mean grids where there is excess solar, that means they need more battery storage and transmission to continue to push fossil generation out of the mix. The sun throws off enough energy in less than an hour to power humanity for a year.

I think it will. The estimates part I meant just this one for 2024 - the way I read it was, they are speculating that low prices will cause more to be sold. May or may not happen, but the long term trend is clear. Especially now with batteries joining the party to soak up excess electricity. The world of energy will be night and day compared to today in 2030.

https://www.economist.com/leaders/2024/06/20/the-exponential... | https://archive.today/JuoYa ("The Economist: The exponential growth of solar power will change the world")

Those lazy trees stand around all day, gorging themselves on free photons and farting out highly combustible gasses. If they can do it, so can you!

DIY solar PV hot water system designer: https://www.pvh2o.com/

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