At the start of the year, Longi’s chairman, Zhong Baoshen, highlighted the remarkable growth of the photovoltaic industry, noting its exponential expansion and pivotal role in the energy transition. He pointed out that it took 68 years to reach the first terawatt of solar capacity, but the second terawatt was achieved in just two years, underscoring the rapid progress in recent years.
While the International Energy Agency (IEA) projects global solar PV capacity to exceed 4,000 gigawatts (GW) by 2030, Baoshen believes it will surpass 5,000 GW. He noted that the installed capacity of solar PV is expected to grow significantly in the coming years, with its development progressing faster than initially anticipated. According to the Chinese giant, solar PV has become a key driver in the global energy transition and is playing an increasingly important role in reshaping the energy landscape.