Many European countries have already expanded their solar PV support mechanisms in order to accelerate capacity growth with a view to the 2030 targets and in response to the energy crisis caused by Russia’s invasion of Ukraine. The proposed target was further increased by the REPowerEU Plan to 45% in May 2022 (which would require 1 236 GW of total installed renewable capacity, including 600 GW of solar PV). In July 2021 the European Commission proposed to increase the bloc’s renewable energy target for 2030 from 32% to 40%.

In August 2022 the federal government of the United States introduced the Inflation Reduction Act, a law significantly expanding support for renewable energy in the next 10 years through tax credits and other measures.China published its 14th Five-Year Plan in June 2022, which includes an ambitious target of 33% of electricity generation to come from renewables by 2025 (up from about 29% in 2021), including an 18% target for wind and solar technologies.The following important policy and target changes affecting solar PV growth have been implemented in 2021-2022: Various types of policy are behind the capacity growth, including auctions, feed-in tariffs, net-metering and contracts for difference. Policy support remains a principal driver of solar PV deployment in the majority of the world.

Sub zero integrated panel installation