LONGi 2022 and 2023Q1 Results
The global energy transition has accelerated and renewables
represented by solar PV keeps rapid growth.
Coping with the energy and climate crisis, many countries have begun to accelerate the transition to green and low-carbon energy.
According to Global Development Report released by Center for China International Development Knowledge (CIDK), 127 countries
have proposed or prepared to propose carbon neutrality target, covering 90% of global GDP, 85% of the total population and 88% of
carbon emissions.
Net Zero by 2050: a Roadmap for the Global Energy
Sector by IEA predicted that, in the announced pledges.
case for carbon reduction, the global power generation will
double in the next three decades. The renewables will
increase from 29% in 2020 to nearly 70% in 2050, mainly
from solar PV and wind power. The energy transition has
provided unprecedented development opportunities for
renewables. With the advantages of cleanliness, safety,
universality and cost-effectiveness, Solar PV has become.
the fastest-growing renewable energy.
Thousand TWh
14
12
100%
Oil
80%
10
8
6
2
60%
Unabated natural gas
Unabated coal
I Fossil fuels with CCUS
Hydrogen based
Nuclear
Other renewables
Hydropower
Solar PV
40%
Wind
20%
2010 2020
2030
2040
2050
2020 2030 2050
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