Solar energy is the conversion of sunlight into usable energy forms. Solar photovoltaics (PV), solar thermal electricity and solar heating and cooling are well established solar technologies.Read more
Last updated Dec 15, 2022
Solar PV power generation in the Net Zero Scenario, 2010-2030Open
More effort needed in Solar PV generation
However, average annual generation growth of 25% in the period 2022-2030 is needed to follow the Net Zero Emissions by 2050 Scenario. This corresponds to a more than threefold increase in annual capacity deployment until 2030, requiring much greater policy ambition and more effort from both public and private stakeholders, especially in the areas of grid integration and the mitigation of policy, regulation and financing challenges. This is particularly the case in emerging and developing countries.
Share of cumulative power capacity by technology, 2010-2027Open
Solar PV still dominates renewable energy capacity additions
Despite current higher investment costs due to elevated commodity prices, utility-scale solar PV is the least costly option for new electricity generation in a significant majority of countries worldwide. Distributed solar PV, such as rooftop solar on buildings, is also set for faster growth as a result of higher retail electricity prices and growing policy support to help consumers save money on their energy bills.
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The SolarPACES TCP supports collaboration to advance development and deployment of concentrating solar thermal technologies. From a system perspective, concentrating solar power (CSP) offers significant advantages. With built-in thermal storage, CSP can improve the flexibility and stability of power systems, provide dispatchable electricity and help integrating more variable renewables.
Through multi-disciplinary international collaborative research and knowledge exchange, as well as market and policy recommendations, the SHC TCP works to increase the deployment rate of solar heating and cooling systems by breaking down the technical and non-technical barriers to increase deployment.
Established in 1993, the PVPS TCP supports international collaborative efforts to enhance the role of photovoltaic solar energy (PV) as a cornerstone in the transition to sustainable energy systems. The PVPS TCP seeks to serve as a global reference for policy and industry decision makers; to act as an impartial and reliable source of information on trends, markets and costs; and to provide meaningful guidelines and recommended practices for state-of-the-art PV applications.