Why the World Needs More Photovoltaic Panel Manufacturing Plants (And Where They're Thriving)
You know, it's kind of ironic. While global solar installations grew 35% year-over-year in 2023 (2023 Global Renewable Market Report), photovoltaic panel manufacturing plants can't keep up. The International Energy Agency estimates we'll need 12 new gigawatt-scale factories by 2025 just to meet climate targets. But here's the kicker—only 3 are currently under construction.
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