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Growth of Solar Continues to Defy Predictions
The world is set to install a third more solar capacity this year than it did in 2023, surpassing forecasts by both industry experts and independent analysts. New figures from energy think tank Ember show that countries are on track to add 593 gigawatts of solar capacity in 2024, roughly 200 gigawatts more than was predicted by the International Energy Agency and Wood Mackenzie in January.
The world is set to install a third more solar capacity this year than it did in 2023, surpassing forecasts by both industry experts and independent analysts. In the first half of this year, China installed more solar than it did in all of 2022, helping it to maintain its status as the world leader on renewable energy. Through May, India installed more solar capacity than it did in the whole of last year, and in the U.S., new tax breaks are giving the industry a significant boost.
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