The number of PV installations around the world grew by an annual average of 28% between 2019 and 2023, including a 56% jump from 2022 to 2023, according to Wood Mackenzie. Growth is not expected from 2024 to 2028, however.

Chinese module maker BYD is producing a new bifacial monocrystalline module at its manufacturing facility in Sao Paulo, Brazil. The module has a power output of up to 355 W and a conversion efficiency of 16.33%.