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According to CEA report (Clean Energy Associates), the global photovoltaic module capacity must achieve 866 GW by the end of 2023, more than doubling the existing capacity at the end of 2022, which was 405 GW.
At the end of the second quarter, 540 GW were already online worldwide, with expansions concentrated in China, which is expected to reach 768 GW by the end of the year (in 2022, it reached 348 GW). In the United States, for example, forecasts indicated 23 GW in 2023, that is, more than triple, when it reached 6 GW last year.
For 2024, the study estimates that module capacity will exceed the 1 TW limit, with emphasis on China (930 GW), followed by Southeast Asia (68 GW) and the Americas (33 GW).
Cell capacity in 2023
CEA indicated that most suppliers are opting for TOPCon technology over PERC due to its low cost and need for expansion.
This transition will see cell capacity expansion increase from 375 GW in 2022 to 843 GW at the end of 2023, reaching a capacity of 1.1 TW in 2024. China will lead this year with a capacity of 756 GW, followed by Southeast Asia (68 GW) and the Americas (7 GW).
