Global Solar Advancements and Africa's Green Hydrogen Potential Unveiled at ISA Assembly
Key Ideas
  • World Solar Market Report showcases exceptional growth, with global solar capacity reaching 1,418.97 GW in 2023 and may soar to 7,203 GW by 2030.
  • World Investment Report emphasizes a shift towards sustainable energy, with solar leading investments and APAC emerging as the top investing region.
  • World Technology Report highlights breakthroughs in solar technology, including record-setting efficiency, material innovation, and cost reduction.
  • Green Hydrogen Readiness Assessment for African Countries underlines the potential of green hydrogen in decarbonizing industries, supporting Africa's transition to cleaner energy.
The 3rd edition of the World Solar Report series was unveiled at the International Solar Alliance Assembly, focusing on global solar growth and investment trends. The reports, including the World Solar Market Report, World Investment Report, World Technology Report, and Green Hydrogen Readiness Assessment for African Countries, highlight key areas in sustainable energy transitions. President Pralhad Joshi presented the reports, emphasizing the pivotal role of solar energy in advancing sustainable solutions. The World Solar Market Report illustrates exponential growth, projecting global solar capacity to exceed 1,100 GW by 2024. Solar job opportunities have surged, with forecasts expecting a capacity of 7,203 GW by 2030. The World Investment Report showcases a rise in clean energy investments, with solar leading the charge and significant contributions from APAC. The World Technology Report presents advancements like heightened efficiency and reduced costs in solar PV manufacturing. Moreover, the Green Hydrogen Readiness Assessment acknowledges the potential of green hydrogen in decarbonizing industries reliant on fossil fuels in Africa. With unprecedented growth and technological advancements, the reports signify a positive shift towards sustainable energy globally.
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