Global solar growth continues to be strong, with a record 597 GW . Key drivers include declining costs, high demand for renewable energy, and the role of developing nations, though China accounts for the majority of current installations.

Global solar growth continues to be strong, with a record 597 GW .
 Key drivers include declining costs, high demand for renewable energy, and the role of developing nations, though China accounts for the majority of current installations. 
Key metrics 
2024 Installations: 
 A record 597 GW was installed globally, a 33% increase year-over-year.
First half of 2025: -
Installations reached 380 GW a 64% increase over the same period in 2024.
Global share: -
Solar PV accounted for over three-quarters of all renewable capacity additions in 2024 and has become the largest renewable power capacity in the world, surpassing hydropower. 
Drivers of growth 
Cost reduction: -
Falling solar panel prices, with a 50% drop in global module spot prices between December 2022 and December 2023, have made solar more competitive.
Policy support: -
Continued policy support in many regions is a key factor in driving capacity growth.
Energy transition: -
The global shift to cleaner energy sources is a primary driver, with solar playing an increasingly important role.
Developing economies: -
Developing countries are increasingly choosing renewables to meet growing energy demands and power their economies, which will be crucial for future growth. 
Geographic distribution 
China: -
Dominated global installations in 2024, adding 329 GW and accounting for 55% of the global total. China also accounted for 55% of global solar generation growth in the first half of 2025.
Other major markets: -
The European Union and the United States are also significant markets for solar growth.
Asia-Pacific: -
The Asia-Pacific region provided 70% of new capacity in 2024. 
Future outlook 
Continued growth: 
 The market is expected to continue its rapid expansion, potentially reaching 1 TW1  of annual installations by 2030.
Challenges: -
A temporary dip in global installations may occur in 2026 due to expected adjustments in China's market design. Uncertainty in policy and potential supply chain risks could also pose challenges. 

Global Market Outlook for Solar Power 2025-2029: Focus on India
Global Market Outlook for Solar Power 2025-2029 - Solar Power Europe
5 May 2025 — The global solar market reached new heights with about 600 GW in 2024, with Asia-Pacific providing 70% of new capacity.
Current status and capacity
Total Capacity: -
India's renewable energy capacity is over 257 GW as of October 2025, with over 200 GW in place for renewable energy sources alone. 
Solar Power:-
 Solar power is a major contributor, with installed capacity growing from 2.8 GW in 2014 to over 128 GW in 2025, making it the third-largest solar power capacity globally. 
Wind Power: -
Wind capacity has increased to over 53 GW, ranking India fourth globally in wind power capacity. 
Other Sources: -
Hydroelectric power, bio-power (including biomass and biogas), and small hydro power also contribute to the mix. 

MJF Lion ER YK Sharma 

Comments

Post a Comment

Popular posts from this blog

Solar Generation in Night hrs

How to get get Solar generations in Night        While standard solar panels cannot generate electricity at night,     New technologies are being developed to address this limitation.      These advancements focus on harnessing the earth's heat or using infrared radiation emitted by the Earth to generate power, potentially creating 24-hour renewable energy sources.  Key Concepts and Technologies :- 1) Anti-Solar Panels (Thermo-radiative Cells):- How they work:-    These panels, also known as thermoradiative cells, work in reverse of traditional solar panels. Instead of absorbing sunlight, they emit infrared radiation into space, which is then converted into electricity.    Nighttime energy:-     They can generate electricity from the difference in temperature between the panel and the surrounding environment, essentially converting the heat escaping into space back into usable power.  Potential:-  ...
Read more

Hydrogen at home — It's the end of solar and wind power

  Hydrogen at home — It's the end of solar and wind power         Statement "1000 pounds" per day of hydrogen at home — It's the end of solar and wind power in the world" is not accurate.     While hydrogen can be produced from renewable energy sources like solar and wind power, it's not a replacement for those sources themselves. Hydrogen production via electrolysis, using renewable electricity, is a promising avenue for decarbonization, but it doesn't negate the need for solar and wind power as direct energy sources.  Cause behind its is as under. Hydrogen as an Energy Carrier:-     Hydrogen is an energy carrier, meaning it stores energy produced elsewhere (like from solar or wind) and can be used to power fuel cells or for other applications.  Electrolysis:-     A key method of producing "green" hydrogen involves using electricity from renewable sources (like solar and wind) to split water into hydrogen and oxygen throu...
Read more

State-wise carbon emissions in India show a concentration in western and southern states, with byd as major emitters, particularly from the manufacturing and energy sectors. The highest total CO2 emissions have been linked to states like Maharashtra, Andhra Pradesh, Uttar Pradesh, Gujarat, Tamil Nadu, and West Bengal, though the specific ranking can vary depending on the data year and the specific pollutants included.

Image
Top 10 Electricity-Producing States in India (2025) Share of India’s  Total Power Generation in (%) 1) Gujarat ~12.61% 2) Maharashtra~10.71% 3)Rajasthan~10.29% 4)Tamil Nadu~7.63% 5)Karnataka~6.30% 6)Uttar Pradesh~5.88% 7)Andhra Pradesh~5.25% 8)Madhya Pradesh~4.62% 9)Telangana~3.78% 10)Haryana~2.94%      State-wise carbon emissions in India show a concentration in western and southern states, with  by d as major emitters, particularly from the manufacturing and energy sectors. The highest total CO2 emissions have been linked to states like Maharashtra, Andhra Pradesh, Uttar Pradesh, Gujarat, Tamil Nadu, and West Bengal, though the specific ranking can vary depending on the data year and the specific pollutants included.   Key Trends & States Western & Southern Dominance:  - Studies indicate that western states and some southern states are consistently among the highest emitters of CO2.  Manufacturing Powerhouses:  - States with si...
Read more