Global Solar Power Hits 601 GW in 2024 Amid Environmental Concerns
In 2024, global solar power capacity reached 2.2 TW with 601 GW installed, as reported by IEA-PVPS. However, environmental concerns loom due to the projected 250 million tons of solar panel waste by 2050 and inefficient recycling methods, which could result in a loss of valuable materials worth $15 billion. Innovations in recycling and the EU's upcoming Digital Product Passport aim to improve sustainability in the solar industry.
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In 2024, global solar power capacity reached 2.2 TW with 601 GW installed, according to IEA-PVPS. However, environmental concerns arise as solar panels, designed for durability, create significant waste at end-of-life, projected to reach 250 million tons by 2050.
China produces 90% of solar cells, flooding the market with low-cost panels, leading to financial losses and a preference for new panels over repairs. Spain has experienced renewable energy saturation, losing 7% of clean energy due to inadequate infrastructure.
Current recycling methods are inefficient, losing valuable materials worth an estimated $15 billion by 2050. Innovations include new silver recovery techniques and fully recyclable panels. The EU's Digital Product Passport, effective in 2027, aims to enhance material recovery and sustainability.
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