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It is expected that solar module production capacity will reach terawatts by the end of 2024
The Clean Energy Association (CEA) highlighted significant growth in solar module manufacturing by Chinese solar module manufacturers in its recently released second quarter PV supplier market intelligence report. Manufacturing capacity reached 405 GW in 2022 and is expected to grow by 114% to reach 866 GW by the end of 2023. This will be by a 21% surge in capacity in 2024, taking total global capacity to an impressive 1.043 terawatts.
The terawatt era has arrived, but the world was caught off guard. As the industry explodes in size, solar and related professionals must prepare, adapt and deploy.
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