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Release Time: Dec 27,2024

2024 PV Trends: Global growth and challenges

The IEA-PVPS 2024 “Trends Report” encapsulates significant shifts in photovoltaic deployment across the globe, reflecting PV’s evolving role in energy systems. China has spearheaded the expansion, installing over 60% of global PV deployment. The report also highlights the lack of a unified approach to measuring PV capacity globally and the financial strain on PV manufacturers due to overcapacity and price declines