Solar PV repowering to account for 23% of new capacity additions by the 2040s

By the 2040s, replacing and expanding retired solar PV projects will account for 23% of new solar capacity additions globally, driven by rapid technological advancements and increased power demand. This repowering trend especially positions the European solar sector to capitalize on upgrading existing sites with higher-efficiency technology, while Asia sees minimal impact from decommissioning.

This Wire brief sits within Fusion42's coverage of Clean Energy.