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Since the beginning of this century, theinstalled capacity of large-scale ground mounted PV panels has been increasingalmost every year, reaching a record high of 75GW in 2022. Preliminary datafrom Wiki Solar shows that by 2023, this number will jump to about 150GW,bringing the cumulative operational capacity to over 600GW.

Although Europe led the world in the firstdecade of this century, Asia has been dominant since then under the leadershipof China and India. One of the highlights of last year's achievements was thatother regions have also begun to play their role.

North America has the highest year-on-yeargrowth rate of about 150%, while Asia has about 100%. South America has grownby 120% and has become an important contributor, surpassing 6% of globalcapacity additions by 2023.

Although China, the United States, andIndia, the three most important markets, continue to play important roles,several other countries are also showing strong growth momentum. Spain hasadded 6GWac of installed capacity, unquestionably ranking fourth in the world.

After the decline in installed capacity in2022, the United States took a leap forward, driving growth of 150% in Northand Central America. The United States has produced over 30GW of newlarge-scale ground photovoltaic capacity, more than twice the previous record.Texas alone contributed over 7.5 GW.

Asia has grown by 100%, and if the yet tobe released fourth quarter data matches the huge growth in the third quarter,then China's total may be underestimated. India has also accelerated theconstruction pace of installed capacity and pending projects. These Asian solarsuperpowers have received strong support from Japan (although Japan'spreliminary data is often underestimated) and are steadily advancing.

The installed capacity in Europe hasincreased by 75%, with Spain being the only European country to see a stepchange in growth rate. Thanks to the 10GWac pending project, this situationwill continue at least in the short term.

Once ranked first, Germany has recentlyaccelerated its pace by installing 3-4 GW of new power plants last year,curbing the downward trend in rankings. There are also signs that the UK hasemerged from a downturn, but it is still below its peak in 2015. Francestumbles forward, seemingly striving to maintain a low profile.

The Netherlands has recently been one ofthe best performing countries on the European continent, at least relative toits land area. Portugal has also made good progress. Italy and Greece haveperformed relatively poorly, partly due to regulatory difficulties, but bothcountries seem to have seen some growth recently.

Overall, the photovoltaic industry has beenthriving, with regions and countries strengthening their support and investmentin the renewable energy industry. Faced with the thriving scene of thephotovoltaic industry, MULTIFIT will continue to increase investment in designand research and development, enhance innovation hard core strength, promotehigh-level technological self-reliance and self-improvement, and win marketscale with good products. Over the past decade, MULTIFIT has designed,developed, and updated numerous solar products, such as solar electric cleaningbrushes, fully automatic solar cleaning robots, off grid inverters, off gridinverters with MPPT controllers, solar controllers, etc. In the future,MULTIFIT will continue to ride the wind and waves, search and produce newproducts, serve a wider range of people, and contribute to promotingsustainable development and solving environmental problems through green andclean energy.