David Kang, head of BloombergNEF Korea and Japan Research, was the keynote speaker at the ’12 Solar Market Insight (PVMI 2023)’ held at EXCO (CEO Lee Sang-gil) in Daegu on the 2023th and spoke about ‘global solar market trends and future. Introduced about ‘Perspective’.
David Kang said, “There were concerns that the pace of global energy transition would slow down, but investment in energy transition worldwide has exceeded $1 trillion.” He added, “Interest in and investment in electric vehicles, electric heating, hydrogen, CCS, etc. has increased. can know,” he said.
“There are predictions that this year, investment in clean energy will exceed that of fossil fuels. Currently, solar power has become the cheapest source of power generation in the renewable energy sector,” he added.
In addition, David Kang said, “China and the United States will lead the solar market, but there are other notable points. “Countries such as Poland, the Netherlands, and Spain are making efforts to supply and spread the technology,” he said. “Poland installed a 1GW complex within a year.”
In addition, he said, “The solar power market will have 2030GW of new complexes per year by 60. Rapid growth is expected, but achieving NET ZERO will not be easy. From 2025 to 2030, demand will outstrip supply.”
Lastly, David Kang said, “There will be enormous solar energy investment opportunities over the next 10 years,” and “It is predicted that there will be investment opportunities worth $194 trillion to achieve NET ZERO. I hope we can discuss how we can use these opportunities through PVMI and others.”
→ Go to the ‘2023 Photovoltaic Market Insight (PVMI)’ news special page