Canadian Solar Financial and Operational Summary Q1 2022
41
Europe
China
India
Japan
North America & Caribbean
Strong long term growth outlook for both solar and battery storage
Solar PV cumulative installations crossing 1 TW this year, to reach 3.8 TW by 2030 (but 5.2 TW needed by '30 to reach Paris Agreement!)
Battery energy storage cumulative capacity installations reaching 100 GWh this year, to reach 1.3 TWh by 2031
Long term growth driven by competitive economics and ESG/decarbonization efforts
Global Solar PV Annual Installations,
Energy Storage Annual Capacity
Additions, GWh
Central & South America
Other
GW
+14% CAGR
165
145
118
106
101
75
56
45
2013
2014
2015
2016
2017
2018
2019
2020
320
312
295
276
232
2021E
2022E
2023E
2024E
2025E
2026E
Source: BNEF, IHS, Wood Mackenzie (2021E PV installations adjusted to CSIQ guesstimate).
24
10
2 2
2016
2017
2018
2019
2020
2021
261
Rest of
world
216
Japan
+27% CAGR
27
174
Europe
140
97
97
116
China
95
87
82
72
10
33
101
US
2022E
2023E
2024E
49
49
IN
41
2025E
2026E
2027E
2028E
2029E
2030E
2031E
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