Global Solar Council Celebrates a Decade of Solar PV Progress

The Global Solar Council (GSC) is celebrating a decade of progress in the photovoltaic solar energy industry. The industrial body marked its 10th anniversary by encouraging investors and governments to increase their efforts to boost solar energy growth over the next decade. Solar is currently the largest source of renewable energy globally and is poised to play an instrumental role in the transition to clean energy.

An over 99% drop in solar technology prices over the past two and a half decades has enabled the mass deployment of solar energy projects and allowed dozens of countries to incorporate solar energy into their energy mix. According to the GSC, more than 2 terawatts of photovoltaic solar panels have been installed, leading to the creation of a whopping 4.9 million jobs and preventing the emission of over 2.4 billion tons of carbon dioxide.

The trade body noted that the coming decade will be a chance for the world to continue the momentum it has gained in solar energy adoption and grow the industry. Still, despite the advancements the global solar energy industry has experienced, the world has a long way to go before solar and other renewable forms of energy can meet the majority of global energy demand.

As the world works towards tripling the global capacity for green energy by 2030, GSC is calling for quick action to lower the cost of green finance, fast-track permitting processes, scale up investments in energy storage and electricity grids, and develop inclusive solar markets that reach every community and region. The trade body will celebrate its 10th anniversary by hosting a series of roundtable events and campaign activities at all major political and industrial events throughout 2025.

GSC will also spend the rest of the year encouraging political and industry leaders to accelerate the launch of future solar energy developments. The trade body was launched in 2015 at COP21 to represent the global solar photovoltaic industry and has spent the past decade strengthening international partnerships, widening its reach, and growing into a platform that enables real-world collaboration.

Chief Executive Sonia Dunlop says that while the past decade was about showing what solar energy can do, the upcoming decade will be about ensuring that solar becomes the most dominant source of electricity in the world. To expand the world’s solar capacity from 2 TW in 2025 to over 8 TW by 2030, Dunlop says the world will need enhanced access to cheap capital, investments in stationary storage infrastructure, smarter electricity grids, resilient supply chains, and highly skilled labor.

Enterprises like SolarBank Corp. (NASDAQ: SUUN) (Cboe CA: SUNN) (FSE: GY2) are taking on the challenge of addressing supply-side gaps by making innovative solar energy products tailored to meet the needs of the growing market around the world.

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