Solar Market and Cost Analysis
Installations (GWdc)
International Q1-Q3 2022
Installations
55 GW 53 GW
35
30
25
20
15
10
5
■Q4
■Q1-Q3
0
2021 2022
2021
2022
2021
2022 2021 2022
2021
2022
Cumulative
capacity
China
359 GW
U.S.
134 GW
India
61 GW
Germany
63 GW
Australia
28 GW
Sources: Australian Photovoltaic Institute. Clean Energy Associates PV Supplier Market Intelligence
Report Q2 2022; IEEFA (07/21/22). Mercom (02/28/22, 10/03/22, 11/07/22. 01/23/23). PV
Magazine (08/08/22, 07/22/22, 12/01/22); Wood Mackenzie/SEIA: U.S. Solar Market Insight: Q3
2021; Reuters (07/21/22).
• In the first 9 months of 2022, PV
installations increased significantly (y/y) in
China (106%) and India (51%), and to a
lesser extent Germany (22%).
-
China's National Energy
Administration revealed in late
January that China installed 87 GW in
2022, up 59% y/y.
• From a historical perspective, the United
States and Australia also had very sizeable
installation levels in the first 9 months of
2022, but they were down y/y in large
part due to supply chain disruptions and
price increases.
•
At the end of September, these countries
had cumulatively installed 644 GWdc of
PV.
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