AIE-PVPS: Las Instalaciones Fotovoltaicas Mundiales Alcanzarán Los 1,6 TW En 2023
Apr 23, 2024
The International Energy Agency's Photovoltaic Power Systems Program (IEA-PVPS) has released a wide-reaching report on the global PV market, which covers PV system installation, manufacturing, policy trends, and grid integration.
According to the report, "Global PV Market Snapshot 2024" published by IEA-PVPS, the installed capacity of PV systems installed globally will grow from 1.2 TW in 2022 to 1.6 TW in 2023.
Analysts said that up to 446GW of PV systems will be in operation in 2023, driven mainly by the rapid growth of the Chinese PV market, while estimating that the world currently has 1.5GW of PV module inventory.
The IEA-PVPS said, "After several years of rising material and transportation costs, PV module prices have plummeted in an oversupplied market, and PV power generation has remained highly competitive even as electricity prices have fallen since reaching an all-time peak in 2022."
The oversupply of PV modules last year reveals the difficulties faced in harmonizing production and demand in this very diverse environment, the report said. The report notes that while PV module production grew significantly, growth in installed PV system capacity occurred only in a few countries outside of China.
The report asserts that "political support for the PV market is uneven in some countries, which may be attributed to the difficulty of developing local PV module manufacturing facilities in already saturated markets." The IEA-PVPS explains in the report that a significant drop in PV module prices due to increased inventories, oversupply, and intense competition among PV module manufacturers has also put pressure on PV module manufacturing in some countries.
Elsewhere, the IEA-PVPS said that both the rooftop PV market and the utility-scale PV market size grew in 2023. About 45% of new installed capacity comes from rooftop PV systems. Since 2018, the global rooftop PV market size has continued to grow gradually, while lower installation costs and rising electricity costs have prompted investors to accelerate their investments in rooftop PV systems. The report notes that productive consumers around the world are becoming more active market drivers, while also noting that some net metering rules are being removed as PV module costs fall.
The number of countries with a theoretical penetration rate of more than 10% for rooftop PV systems doubled to 18 in the last year. Spain, the Netherlands, Chile, and Greece led the way on this metric, while more populous countries such as Germany and Japan also exceeded 10% for the first time.
As PV penetration grows in more and more countries, transmission and distribution system operators are more actively managing PV systems, IEA-PVPS said. Some smaller countries and regions have such high penetration rates that rooftop PV systems can provide 100 percent of the electricity within hours.
The report also notes that policy support for battery storage systems is advancing, especially in countries with grid congestion, high PV penetration or high electricity costs. The report warns that grid congestion and long grid connection times in some countries are preventing local markets from realizing their full potential, and IEA-PVPS says that the cost burden of managing, enhancing, and updating grid infrastructure is becoming one of the more sensitive topics.
It says: "As penetration increases, new governance models compatible with market- and climate policy-driven deployment goals are needed to ensure that PV systems can be deployed successfully."
Within the broader energy transition, the IEA-PVPS says that PV will play an important role, with installed PV systems accounting for more than 75% of all installed renewable energy capacity in 2023, attributable to continued cost reductions, technical performance, and accessibility, and a permitting process that is typically faster than that of wind power facilities or hydroelectric facilities.
The report, released recently by EA-PVPS, follows reports released earlier this year on Germany's end-of-life PV module disposal chain, grid integration measures, and vehicle-integrated PV.
