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Global Solar Council announces 2 terawatt milestone achieved for solar
The Global Solar Council leads the worldwide solar industry today in the celebration of achieving 2 TW of installed solar PV capacity against the backdrop of a Donald Trump presidency in the U.S. and a pivotal COP29 slated to begin next week in Baku, Azerbaijan.
To reach the goal of tripling global renewable energy capacity by 2030 to keep the world on a 1.5C pathway, more financing needs to be unlocked for solar, especially in emerging and developing markets. With annual installation figures now at approximately 500 GW and global manufacturing capacity already at 1.1 TW, the solar PV industry has proven it can deliver the technology, but financing remains a persistent obstacle to meeting the 1 TW-per-year ambition. COP29 presents a key opportunity for governments to lead the renewables race, setting ambitious targets and clear actions in their climate plans and committing to a global push for the infrastructure—grids and storage—that will enable this massive scale-up.”
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