It is predicted by Wood Mackenzie, one of the global consulting companies, that the photovoltaic (PV) capacity in the Asia-Pacific Region, led by China, will reach 1,500 GW,
It is estimated that the share of total electricity capacity in solar energy will be 51% by 2030 in the top 10 solar energy markets of Asia Pacific.
Expressing that market barriers have been overcome with new policies in the region, Xin Zhang noted that the share of solar energy in Asia Pacific’s energy production will increase from 4% in 2020 to 10% in 2030.