Photovoltaic systems are going to be able to satisfy even 13% of global energy demand already in 2030, which is a significant projected growth if we consider the data that in 2016 covered only 2% of global energy needs. At least that is what says the International Renewable Energy Agency IRENA, according to which the solar industry is ready for mass expansion thanks to a drastic drop in costs.
Forecast for 2030 predicts between 1,760 and 2,500 GW of installed power from photovoltaic, while for comparison the current worldwide installed 227 GW. Experts point out that so far photovoltaics globally reduced CO2 emissions by 300 million tons, while in 2030 this figure could rise to as much as 3 billion tons of CO2 emissions.
“Global demand for electricity will increase by more than 50% by 2030, mainly in emerging and developing”, said Director General of IRENA, Adnan Z. Amin. “To meet this demand, while achieving the objectives of development and sustainability, governments must implement policies that enable Solar da reach their full potential.”