Solar PV Significantly Grew Globally in 2024, Bolstered by Cheaper
In 2024, the growth in electricity generation from solar PV alone surpassed that of all other renewable energy (RE) technologies combined. This is despite a substantial rebound in
Solar power generation drives electricity generation growth over the
In our STEO forecast, utility-scale solar is the fastest-growing source of electricity generation in the United States, increasing from 290 BkWh in 2025 to 424 BkWh by 2027. Almost 70
America''s Electricity Generating Capacity
Solar continues to be the main fuel type for new additions, with over 30,000 MW of solar energy added in 2024, nearly double the amount added in 2023. This report also analyzes prospective generation
Spring 2025 Solar Industry Update
Solar Generation as a Percentage of Total Generation, 2014–2024 From 2014 to 2024, leading solar deployment states greatly increased solar electricity penetration.
The remarkable rise of solar power
Global energy generation from solar photovoltaic (PV) panels, which convert sunlight into electricity, rose by 270 terawatt hours (TWh), marking a 26% rise on the previous year. While solar
Solar, battery storage to lead new U.S. generating capacity additions
In 2024, generators added a record 30 GW of utility-scale solar to the U.S. grid, accounting for 61% of capacity additions last year. We expect this trend will continue in 2025, with 32.5 GW of new utility
Global renewable capacity is set to grow strongly, driven by solar PV
Solar PV will account for around 80% of the global increase in renewable power capacity over the next five years – driven by low costs and faster permitting timeframes – followed by wind,
Solar''s growth in US almost enough to offset rising energy use
As of yesterday''s data release by the Energy Information Administration (EIA), which covers the first nine months of 2025, total electricity demand has risen by 2.3 percent. That
The extraordinary rise of solar power
In 2023, the world deployed 447 gigawatts (GW) of new solar PV capacity. That''s an 87% increase from 2022 and 78% of all the new renewable capacity added last year. Despite solar''s
Solar power continues to surge in 2024
The world is on track to add 593 GW of solar power this year Ember estimates that at the current rate of additions, the world will install 593 GW of solar panels this year. That''s 29% more than