One of the many priorities outlined by the new Biden administration in the US is the priority his team has placed on re-establishing America’s commitments to addressing climate change. American leadership is being lauded and this renewed focus is being echoed throughout the world. While this is good news for the climate, it’s also putting additional wind in the sails of ESG investing as portfolio managers and Boards reset their investment agendas to put people and the planet front and centre.

As most observers look to the US and the potential growth of the solar sector resulting from Biden’s goals, people may not be aware of the significant investments in solar energy made in other jurisdictions like South Korea. The US solar module market has been valued at ~USD $11.2 billion (aggregate installed capacity of 76.1 GW in 2019 with the market forecasted to grow at a CAGR of ~18.6% from 2020-2027). Meanwhile, the South Korean solar module market, while smaller, was valued at ~USD $4.5 billion with an aggregate installed capacity of 10.9 GW in 2019. Surprisingly, the South Korean market is now forecasted to grow at an even faster rate than the US, with a CAGR of ~21.2% from 2020-2027… CLICK for the complete article