Spring 2023 Solar Industry Update

20% Percent of Annual Electricity Generation 0% 90 Spain 5% 10% 15% Greece Chile Netherl.. Australia Honduras Israel Germany Source: IEA, Snapshot of Global PV Markets: 2023. 25% Japan India Italy EU • Global PV Penetration IEA estimates that in 2022, 6% of global electricity generation came from PV. • The United States, despite being a leading PV market, is below the global average and other leading markets in terms of PV generation as a percentage of total country electricity generation, with 5%. If California were a country, its PV contribution (28%) would be the highest. Belgium Portugal Denmark Switzerl... Turkey China World Austria Bulgaria Mexico USA Morocco UK S. Korea France Romania S. Africa Czech... Thailand Slovakia Sweden Canada Malaysia Finland Norway NREL | 6

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