The 2024 New Era of Photovoltaics Forum Successfully Concludes in Nanjing

From September 5-6, the 2024 New Era of Photovoltaics Forum, themed "Weathering the Storm, Embracing the Dawn", took place in Nanjing, China. Over 300 industry experts, representatives from leading solar enterprises, and stakeholders gathered to discuss key topics such as policies for distributed PV, trends in battery technology, offshore PV innovations, and the future of "PV + transportation."

Driven by the "dual carbon" targets, China's PV industry achieved remarkable growth in 2024, with over 123 GW of new installations in the first seven months. Despite this rapid development, the sector faces challenges such as supply-demand imbalances, price drops, and international market pressures. Through active dialogue, participants explored solutions to drive high-quality growth for the industry.

Energy storage will play a pivotal role in building new power systems under the dual-carbon goals. As renewable energy grows, these systems will evolve into flexible, intelligent grids that require energy storage for stability.

The global outlook remains promising. By 2030, the renewable energy capacity is expected to double, with a cumulative PV installation target exceeding 5,000 GW. According to the IEA, PV penetration must reach 40% by 2050 to meet climate goals, requiring a total installation of over 18,000 GW.

Sangobuild is contributing to this growth with its innovative Solar Roof Tiles, which integrate cutting-edge solar technology with high-quality roofing materials. Our solar tiles combine durability with efficiency, offering a seamless and aesthetically pleasing solution for both residential and commercial buildings. Designed for easy installation and long-lasting performance, Sangobuild's solar tiles help property owners reduce energy costs while contributing to a sustainable future.

Though global political and economic uncertainties persist, including key elections in major markets, emerging regions in Asia, Africa, and Latin America present immense growth opportunities. Chinese PV companies are encouraged to deepen global strategies, transitioning from trade to local production, and unlocking new prospects for the photovoltaic industry worldwide.