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In 2023, solar power costs plummeted by 23%.This shift makes utility solar the cheapest power source in 11 out of 15 APAC Regions. With new-build solar project expenses projected to decrease by another 20% by 2030. Now, Asia’s Annual capacity additions are hit 3.8 GW in 2023, 13% up from the previous year. In 2021, the market contracted by 68% to 4.2 GW of annual additions.
Annual installations are forecasted to grow 32% to reach 5.1 GW in 2024, 59% to 8.1 GW in 2025, 28% to 10.4 GW in 2026, finally hitting 13.3 GW of new additions in 2027.
Energy storage technologies are set to transform the market.By 2026, the APAC region is expected to dominate the $10.84 billion market, representing 68% of it.
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Event Venue & Nearby Stays
Hyatt Regency Bangkok Sukhumvit, สเทร๊ทช มี เดอะ อัลเลซ สุขุมวิท 13, สุขุมวิท 13, วัฒนา, กรุงเทพมหานคร, กรุงเทพมหานคร 10110, ประเทศไทย,Bangkok, Thailand
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