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Solar power is expected to increase by 800 GW in 5 years, and installed capacity by more than 1 TVt in 2022. At the end of 2018, global solar energy surpassed 500 GW, and it was predicted to reach 1,000 GW by 2022. According to the mid-growth outlook based on 2019-2023 Solar Energy Global Market Outlook published by “SolarPower Europe”, the energy in 2023 will reach 1.300 MW.  At the same time, it is possible to reach 1,610 MW by 2023. According to the report, global solar power for the first time in 2018 has surpassed 100 GW and increased by 102.4 GW. Combined with this increase, global solar power, exceeding 500 GW, accounted for 2% of total electricity generation in 2018. In addition, last year Levelized Cost of Energy (LCOE) of solar energy investments decreased by 14%. In the contests held in areas with high radiation levels around the world, price bids dropped to 2 cents (US dollars) per kilowatt-hour. According to the average growth outlook of the report, global solar energy capacity will increase by 128 GW in 2019, and it will reach to 645 GW at the end of the year. The annual growth rate will be steadily increasing, with global solar power reaching 144 GW in 2020, 158 GW in 2021, 169 GW in 2022 and 180 GW in 2023.  Thus, the solar power will reach to 1.000 GW in 2022 and to 1.297 GW at the end of 2023.  

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