https://www.energea.com/1726.1726.0c1c98d96592c2b0be03.js

1!function(){try{var e="undefined"!=typeof window?window:"undefined"!=typeof global?global:"undefined"!=typeof globalThis?globalThis:"undefined"!=typeof self?self:{};e.SENTRY_RELEASE={id:"a9183df655c4f2fb9268576cdb1854d96c5f7ff5"};var a=(new e.Error).stack;a&&(e._sentryDebugIds=e._sentryDebugIds||{},e._sentryDebugIds[a]="40a74ff8-e7a0-438f-9e03-f6c1a2c4991f",e._sentryDebugIdIdentifier="sentry-dbid-40a74ff8-e7a0-438f-9e03-f6c1a2c4991f")}catch(e){}}(),(self.webpackChunkusers=self.webpackChunkusers||[]).push([[1726],{1726(e,a,n){n.r(a),n.d(a,{default:()=>d}),n(96540);var t=n(8239),i=n(67525),r=n(92277),o=n(16194),l=n(54153),s=n(74848),c={description:(0,s.jsxs)(t.Ay,{container:!0,justifyContent:"center",spacing:4,children:[(0,s.jsx)(t.Ay,{item:!0,xs:12,lg:8,style:{textAlign:"center"},children:(0,s.jsx)(i._V,{publicId:"energea/global-solar-capacity-reaches-2-tw/Solar_Energy_Deployment_1954-2030-Final",alt:"Energea Connecting Communities - Energea Community Solar in Brazil",quality:"auto",width:"1200",crop:"scale",format:"WebP",style:{borderRadius:l.A.shape.borderRadius,width:"100%"},cloud_name:o.AA.cloud_name})}),(0,s.jsxs)(t.Ay,{xs:12,style:{margin:"1rem"},children:["In a groundbreaking development for the renewable energy sector, the"," ",(0,s.jsx)("a",{target:"_blank",rel:"noreferrer",href:"https://www.globalsolarcouncil.org/news/global-solar-council-announces-2-terawatt-milestone-achieved-for-solar/",children:"Global Solar Council"})," ","recently announced that global installed photovoltaic (PV) capacity has reached 2 terawatts (TW). This historic milestone underscores the explosive growth and accelerating pace of solar energy adoption across the world, a collective effort driven by technological advancements, decreasing costs, and growing awareness of the urgent need to transition to clean energy sources."]})]}),sections:[{title:"Putting 2 TW into Perspective",paragraphs:[(0,s.jsxs)(s.Fragment,{children:["To truly appreciate the scale of 2 TW, consider that this capacity is equivalent to the entire installed electricity capacity of the"," ",(0,s.jsx)("b",{children:"United States, India, and the United Kingdom combined"}),". Based on a global average household energy consumption of 3,500 kWh per year and a 20% capacity factor, 2 TW of solar energy could theoretically power about ",(0,s.jsx)("b",{children:"one billion homes worldwide."})]})]},{title:"The Road Ahead: Solar’s Role in the Global Energy System",paragraphs:[(0,s.jsxs)(s.Fragment,{children:["With annual solar installation rates now reaching around 500 gigawatts (GW) and global manufacturing capacity exceeding 1.1 TW, the solar industry has proven it can deliver at scale. This rapid growth is crucial to meeting the global target of tripling renewable energy capacity by 2030, a goal that aligns with keeping the world on track to limit global warming to 1.5°C. The"," ",(0,s.jsx)("a",{target:"_blank",rel:"noreferrer",href:"https://www.irena.org/Digital-Report/World-Energy-Transitions-Outlook-2023",children:"International Renewable Energy Agency (IRENA)"})," ","estimates that achieving this target by 2050 will require a total investment of $150 trillion, amounting to more than $5 trillion annually."]}),(0,s.jsxs)(s.Fragment,{children:["However, despite these advancements, financing remains a significant challenge, particularly in emerging and developing markets. The Global Solar Council highlights that access to affordable financing is essential for ensuring solar energy can be scaled equitably. The launch of the International Solar Finance Group at"," ",(0,s.jsx)("a",{href:"https://cop29.az/en/home",target:"_blank",rel:"noreferrer",children:"COP29"})," ","in Azerbaijan, the COP29 in Baku, Azerbaijan, will be a crucial step toward bridging this gap. This first-ever global dialogue between the solar industry and the finance sector aims to reduce the cost of capital for solar projects in developing economies, targeting a reduction from 15% to 5%. This reduction could unlock significant investment potential, driving solar adoption in regions where the need is greatest."]})]},{title:"How Everyday Investors Are Part of the Solar Revolution",paragraphs:[(0,s.jsx)(s.Fragment,{children:"While large-scale national and international commitments are critical to meeting ambitious climate goals, the impact of individual investors should not be overlooked. At Energea, we’re inspired by the role that our investors have played and will continue to play in advancing renewable energy. Each investment made has contributed directly to increasing the world’s renew

1able capacity and supports communities striving for energy independence."}),(0,s.jsx)(s.Fragment,{children:"This 2 TW milestone belongs to everyone invested in a sustainable future—and it’s a powerful reminder of what’s possible when individuals come together with a shared vision for a cleaner world."})]}]};const d=function(){return(0,s.jsx)(r.A,{content:c,includeProjectTiles:!0,includeHowItWorksVideo:!0})}}}]);