Reports (cont.)

EIC Insight Report: Solar

Clean energy capacity is growing as more countries adopt renewable energy, with solar PV a popular choice. More than 30% of utility-scale renewable projects – including onshore and offshore wind, solar CSP and hydroelectricity – that have come into operation between 2013 and 2023 are solar PV, accounting for capacity of over 154GW of utility-scale PV capacity, according to EICDataStream and EICAssetMap.

Countries are increasingly committing to net-zero targets, and private sector companies are aiming for environmental, social and governance targets, contributing to solar PV adoption. The technology is versatile and can be used in various environments, including rural areas. This report explores insights on key regional markets and leading operator and contractor trends, highlighting sector growth.

EIC Insight Report: Global OPEX

petroleum equipment manufacturers, EIC’s original goal was to increase the UK market share in oil and gas projects domestically and internationally. This was achieved within our first decade, and over time we expanded our coverage to include the entire energy industry and became fully energy agnostic in 1981. Today, EIC has over 900 members working in diverse markets.”

EIC is the only trade association in the world to offer data, insights, events, awards, country pavilions, delegations and influencing across all energy sectors, on a truly global basis and all in-house. Our success can be attributed to connecting members with accurate project data and key project decision-makers, collaborators and influencers, informing business development decisions and de-risking international growth and diversification. With the mission ‘To be the go-to energy supply chain trade association, globally’, EIC will continue to invest heavily in high-quality people, data, events and networks to achieve this, step by step, around the world.

EICAssetMap added an Americas package to the database in January 2023, concluding a global coverage of more than 40,000 assets across 130 countries. The expanded database now enables EIC to provide a further in-depth look at trends.

The report highlights a total of 14.3GW added in the North Sea since January 2018 across 31 new offshore wind farms. The largest capacity addition by asset type in 2022 came from solar, with 159 projects online in 2022 – adding 25.7GW to the grid. In the North Sea, 20 upstream developments were commissioned in 2022 across the Norwegian Continental Shelf and Southern North Sea.

Discover the latest insights and expert analysis by reading the full report and learning more about global energy trends.

Find out more about these and other publications and how to access them at www.the-eic.com/MediaCentre/ Publications.