LONGi 2022 and 2023Q1 Results
The global solar demand was strong in 2022 driven by energy crisis
and extreme weather
.
In 2022, the global energy crisis was upgraded and extreme weather was frequent, which stimulated the global solar market demand.
The newly-added solar installation was 230GW, a yoy increase of 35%. The growth rate was higher than 30% for the second year.
The number of GW-scale markets was increasing. The demand in many countries and regions has increased by more than 40% year-
on-year, of which, China and Europe maintained top two markets, and the newly-added installation has reached new highs, which was
87.41 GW and 41.4GW, respectively.
400
Global Annual Solar Installation (GW)
350
China ■ EU America ■India ■ Others
300
250
200
170
60%
350
China 87.41GW, YoY+59%
50%
230
40%
EU 41.4GW, YoY+47%
30%
India 14GW, YoY+40%
150
115
130
102
106
100
53
73
43
50
20%
Brazil 10.6GW, YoY+87%
10%
Source: NEA, CPIA, SPE, LONGI
0
0%
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023E
15
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