The photovoltaic solar energy capacity will exceed 8,000 GW by 2050

Published onNovember 29, 2019

Wind energy and concentrated solar power have reduced their costs significantly, but it is photovoltaic that has reduced their costs dramatically thanks to China. Annual investments of more than 7 billion would see Latin America’s photovoltaic capacity increase from the current 7 gigawatts (GW) to more than 280 GW by mid-century, although Asia, North America and Europe continue to have the greatest capacity. The photovoltaic solar capacity will exceed 8,000 GW by 2050. At that time, photovoltaic solar energy would represent the second largest source of energy immediately after wind power, generating a quarter of the world’s energy, as reflected in the report “The future of photovoltaic solar energy,” presented in Sun World 2019 in Lima, Peru.