The objective of this paper is to propose a reliable and accurate perspective on key markets and policies related to PV development in 2020 and previously. It aims at offering a clear analysis of how PV markets have developed in 2020, with updated numbers, along with analysis of the policies behind the development. In this paper are displayed and analyzed survey results for the calendar year 2020 concerning PV markets and policies, as well as other key issues. An increasing number of national markets experienced notable growth in 2020 with impacts on policy development. Figures show that over 140 GW of PV systems have been installed in the world last year. Consequently, cumulative capacity crossed the 760 GW mark in 2020.