Global Market Outlook for Solar Power 2025-2029
The year 2024 was a true landmark year for solar power. Global solar installations reached nearly 600 GW – an impressive 33% increase over the previous year – setting yet another
Global solar installations are breaking records again in 2025. In H1 2025, the world added 380 gigawatts (GW) of new solar capacity – a staggering 64% jump compared to the same period in 2024, when 232 GW came online. China was responsible for installing a massive 256 GW of that solar capacity.
Global solar installations are on track for another record year. In the first six months of 2025, the world added 380 GW of new solar capacity — 64% higher than during the same period in 2024, when 232 GW were installed.
With the April 2025 additions, China's aggregate installed solar power generation capacity has reached 990 GW, with a 47.7% year-on-year (YoY) increase. The China Photovoltaic Industry Association (CPIA) has forecast between 215 GW and 255 GW of new PV capacity additions for 2025, after growing by 277 GW in 2024.
In the first six months of 2025, the world added 380 GW of new solar capacity — 64% higher than during the same period in 2024, when 232 GW were installed. In 2024, it took until September for global solar capacity additions to surpass 350 GW, while in 2025, the milestone was reached in June.
The year 2024 was a true landmark year for solar power. Global solar installations reached nearly 600 GW – an impressive 33% increase over the previous year – setting yet another
We expect the combined share of generation from solar power and wind power to rise from about 18% in 2025 to about 21% in 2027. In our STEO forecast, utility-scale solar is the fastest
The rest of the world Other countries are adding solar at a healthy clip, too. Together, they installed an estimated 124 GW in the first half of 2025, a 15% year-over-year increase.
Worldwide, 2024 was a difficult year for the residential solar market. After several years of 30 percent annual growth in installations, 2024 saw a decline: fewer panels were installed in many
The Brazilian Association of Photovoltaic Solar Energy (ABSOLAR) and the Brazilian Energy Regulatory Agency (ANEEL) reported that Brazil installed over 15 GWdc of PV this year (the
Each quarter, the National Renewable Energy Laboratory conducts the Quarterly Solar Industry Update, a presentation of technical trends within the solar industry. Each presentation
Globally, renewable power capacity is projected to increase almost 4 600 GW between 2025 and 2030 – double the deployment of the previous five years (2019-2024). Growth in utility-scale and
World installed 380 GW of new solar capacity in first six months of 2025 Global solar installations are on track for another record year. In the first six months of 2025, the world added 380
With the April 2025 additions, China''s aggregate installed solar power generation capacity has reached 990 GW, with a 47.7% year-on-year (YoY) increase. The China Photovoltaic
Even as the U.S. guts support for renewable power, the world is still pushing ahead on the shift to solar energy, with installations up 64 percent in the first half of this year. Solar is the fastest
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