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requires an annual increase of wind power and solar power generation capacity by 630 GW in 2020–2050. At current prices, averaging $1.30 per kW of capacity, the combined annual
India was ranked fourth in wind power capacity and solar power capacity, and fourth in renewable energy installed capacity, as of 2023. Installed renewable power generation capacity has
The global solar PV product trade plays an important role in facilitating PV product production and utilization and in mitigating climate change. Traded solar cells and modules in 2017 could generate 2325.25 TWh of electricity over their 30-year lifetimes.
Therefore, the study of energy cooperation and photovoltaic energy development in China, Japan, and Korea is of great significance. China, Japan, and South Korea have continued to promote the development of solar power in recent years.
Yang et al. (2017) displayed changes in solar PV’s core-periphery hierarchical trade patterns in East Asia. Based on previous results, Guan et al. (2020) proposed functional trade patterns, the optimal trade patterns measured and determined by network motifs, to estimate the potential PV trade flows effectively.
Korea should continue to maintain the positive momentum of technological and scientific innovation, improve its technology, and optimize its products, thereby expanding its trade advantages, improving and upgrading its trade status, and striving to secure its position in the market of solar photovoltaic products.
China is the top manufacturer of solar PV products in the world and exports the technology for distributed and utility-scale projects to a diversified market base around the globe. China's solar PV exports rapidly increased from the mid-2000s through 2019 despite setbacks from the global financial crisis and trade protectionism.
While the contribution of solar energy to global electricity production remains generally low at 3.6%, it has firmly established itself among other renewable energy technologies, comprising nearly 31% of the total installed renewable energy capacity in 2022 (IRENA, 2023).
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