About 1.5 TWdc have been installed globally through 2023; another 3 TWdc of capacity is expected in the next decade. Solar is expected to shift from high growth to a slower-growing, mature industry in 2024. Starting in 2024, the industry is officially past the inflection point, characterized by a slower growth pattern of its S-curve. Trends are for enhanced battery technologies and innovative storage systems to solve the implications coming from the intermittent nature of solar power.
Global prospects for solar
