Global Solar Manufacturing Capacity Set to Expand to Over 1.3 TW by 2028

Due to delays in polysilicon investments, India's self-sufficiency in PV is estimated to reach only about 50%

April 29, 2024

/ Manufacturing, Markets & Policy, Solar

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Global solar manufacturing capacity under construction indicates an increase of 330 GW in 2023 to almost 800 GW – triple the 2021 level, according to the International Energy Agency (IEA). This surplus in capacity is projected to more than double the forecast installations for 2023, creating a significant supply surplus.

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Arjun Joshi

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Global Solar Manufacturing Capacity Set to Expand to Over 1.3 TW by 2028

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