International Solar Alliance (ISA)
The World Solar Report 2024 by the International Solar Alliance highlights rapid growth in global solar energy. Global solar capacity grew from 22 GW in 2000 to 1,419 GW by 2023, with a 36% Compound Annual Growth Rate (CAGR) . Solar energy now contributes 75% of renewable energy capacity additions. Emerging technologies include quantum dot solar cells (18.1% efficiency), self-healing solar panels, solar-powered phyto-mining, and solar paver blocks. Solar PV costs have declined, with utility-scale projects costing as low as $40/MWh. China leads global solar capacity (43%), and investments in solar energy are expected to exceed $500 billion by 2024.
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