Globally, companies raised a total of $34.3 billion for the development of solar projects across venture capital, public market investments and debt financing, up 42% from $24.1 billion in the full year of 2022, the highest level in nearly a decade.
The solar energy market is not only a key focus for companies, but the amount of global solar energy-related investment and clean energy technology investment in 2023 has also broken previous records and reached a new high. Solar energy has become the new star of the world's economic activities, high demand, capital attention to make it become a real "gold" meat and potatoes.
Investment in the development and construction of solar power projects has become the second priority for companies. In this regard, it is important to mention that in 2023, the stock of solar power project acquisition and mergers and acquisitions demand remained strong, with a total of 231 solar power project acquisition and mergers and acquisitions transactions occurring throughout the year, with a size of more than 45 GW.
The International Energy Agency (IEA) has given a similar forecast, noting that investment in clean energy technologies could exceed $1.7 trillion in 2023, compared to about $1 trillion for fossil fuels such as oil. In terms of technology investment, clean energy will also outpace fossil fuels. from 2021 to 2023, investment in the clean energy sector will grow at a rate of 24% per year, with the high growth rate mainly driven by the solar sector.
As the world's largest installed solar power generation, China is a key force in the global solar energy investment industry.January 25, in the National Energy Board 2024 first quarter press conference, the National Energy Board spokesman Zhang Xing said that in 2023, China's new energy investment is growing rapidly. New energy completed investment volume increased by more than 34% year-on-year. Solar power generation completed investment amounted to more than 670 billion yuan, Yunnan, Hebei, Xinjiang and other three provinces and regions centralized photovoltaic completed investment amounted to a year-on-year growth rate of more than 100 percent.
China is a major supplier of solar power products globally.2023 In the first 11 months, the export scale of solar power products from China increased by 33% year-on-year. Demand in the European market, Asia-Pacific market, American market, and Middle East all continue to improve, and the amount of investment related to the global solar energy field is expected to grow further this year.From a medium- to long-term development perspective, the PV industry will continue to attract investors, only in the short term supply chain price fluctuations, as well as profit and cost changes, there may be a certain impact on investment.