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Solar Energy Capacity Must Expand by 7,000% to 75 TW by 2050
Here is an article from PV Magazine. According to it:
- Experts stress the need for solar capacity to grow from 1 TW to 75 TW by 2050 to combat climate change up from the current 1 TW, to effectively combat climate change.
- The report stresses the necessity of ambitious targets and continuous annual growth to meet decarbonization goals, focusing on sustainability and circular economy practices.
Here are some key insights and developments in the solar industry from around the world:
- 4.7 TW - Current projection of the solar capacity by 2050, as reported by GreenMatch
- $61 million - Average investment made into solar companies in one round, as reported by StartUs Insights
- $60 billion - Private investment to the solar industry in the American economy in 2023, as per a report by SEIA.
