EIA’s international outlook includes analysis of eight countries and eight multi-country regions. Different regional and technology specific factors influence the growth rates of renewable technologies throughout the world.
Resource availability, renewable policies, regional load growth, and declining technology costs drive EIA’s projected increase in global electricity generation from solar technologies. As more solar power systems have been installed, installation costs have experienced the steepest cost declines of all renewable technologies in recent years, and EIA expects that they will continue to decline as a result of learning-by-doing effects.
