Photo voltaic accounted for half of all international energy producing capability added final 12 months, with 182GW deployed, a 25% enhance on 2020, in keeping with a report from analysis organisation BloombergNEF (BNEF).
In virtually half of the international locations tracked by BNEF, photo voltaic was the primary alternative by way of quantity, together with the largest markets equivalent to China, the US, India, Australia and Brazil.
The Energy Transition Developments report revealed that for the primary time international photo voltaic era reached 1,000TWh, accounting for 3.7% of world 2021 era.
The variety of international locations that put in at the very least 1MW of photo voltaic capability climbed from 101 markets in 2020 to a excessive of 112 in 2021, greater than double a decade in the past when solely 55 international locations put in at the very least 1MW in 2012.
“Renewables at the moment are the default alternative for many international locations trying so as to add and even exchange power-generating capability,” mentioned Luiza Demôro, head of vitality transitions at BloombergNEF.
“That is not resulting from mandates or subsidies, however just because these applied sciences are extra usually probably the most cost-competitive,” added Demôro.
The highest ten international locations for photo voltaic capability additions in 2021 have been accountable for 85% of the entire market, with an analogous development over the previous decade with 80% of all capability added between 2012-2021.
Marker chief China deployed 68.6GW of photo voltaic 2021, adopted by the US with 24.5GW and India’s 12.4GW, in keeping with BNEF.
Rising markets equivalent to Vietnam and Brazil have seen their photo voltaic era enhance over the previous decade, with 20GW and 19GW, respectively, of capability additions between 2012-2021.
Whereas Vietnam’s promising numbers previously would possibly come to a halt within the coming years, Brazil’s case will likely be totally different. Helped by its web metering coverage – which was revised earlier this 12 months – Brazil introduced 10GW of distributed PV capability on-line from 2019 to 2021.