A fewdays ago, rob Barnett, a senior clean energy analyst at Bloomberg, predicted thatthe global PV installed capacity would increase by 30% this year, and thedemand would push the global solar energy growth to a new height. The global PVinstalled capacity is close to 1 TW, which is an impressive milestone on thepath of energy transformation. This year's PV installed capacity is expected toreach 250gw.

In 2022,China is expected to put about 108 GW of photovoltaic power into operation.China is the world's largest renewable energy investor, with 323 GW ofphotovoltaic power and 338 GW of wind power.

Renewableenergy also reached a record high in the United States. In April, the renewableenergy generation capacity of solar and wind energy installations reached 28%."The photovoltaic boom has just begun. For all companies involved in thesolar supply chain, we really see this huge high-end growth prospect."Barnett said.

Climategoals are one of the hot drivers of solar energy demand, but rob Barnett saidthat there is another force accelerating demand in the short term - the largerdriver of clean energy demand, especially in Europe, is the rise in energycosts.

The costof photovoltaic continues to decline, making it more competitive with oil. Theprice of oil soared after Russia invaded Ukraine. According to the moduleshipment report recently released by the energy information administration, theshipment of solar modules has dropped sharply in 20 years, from $4.88/w in 2000to $0.34/w in 2021.

Barnettpredicted that the demand for solar energy will maintain its momentum even if oiland gas prices cool down.