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Global solar power generation trends

Executive summary – Renewables 2024 – Analysis

In our main case, renewables will account for almost half of global electricity generation by 2030, with the share of wind and solar PV doubling to 30%. At the end of this decade, solar PV is set

Global overview – Renewables 2024 – Analysis

In 2027, solar PV electricity generation surpasses wind. In 2029, solar PV electricity generation surpasses hydropower and becomes largest renewable power source. In 2030, wind-based generation surpasses hydropower. In

2023''s record solar surge explained in six charts

Global solar power capacity surged in 2023, accelerating the clean power revolution. Using six charts, we explain the solar surge of 2023. Explore. Only 14% of global solar capacity installed as of 2023 (204 GW)

Global Energy Perspective 2023: Power outlook

The Global Energy Perspective 2023 models the outlook for demand and supply of energy commodities across a 1.5°C pathway, aligned with the Paris Agreement, and four bottom-up energy transition scenarios. These

Quarterly Solar Industry Update

Each quarter, the National Renewable Energy Laboratory (NREL) conducts the Quarterly Solar Industry Update, a presentation of technical trends within the solar industry. Each presentation focuses on global and U.S. supply and

2024 power and utilities industry outlook | Deloitte Insights

1. Electrification: The power sector is preparing for accelerating electricity demand. The electric power industry is preparing for as much as a tripling of US electricity demand within the next

Top 9 Solar Energy Trends & Innovations (2025) | StartUs Insights

Discover how solar energy trends are driving the future of clean power. This data-driven research on 3050+ solar energy startups and scaleups highlights advancements in off-grid solar energy,

Renewable Energy

In 2025, renewables-based electricity generation overtakes coal-fired. In 2026, wind and solar power generation both surpasses nuclear. In 2027, solar PV electricity generation surpasses wind. In 2029, solar PV electricity generation

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6 FAQs about [Global solar power generation trends]

How will solar PV & wind impact global electricity generation?

The share of solar PV and wind in global electricity generation is forecast to double to 25% in 2028 in our main case. This rapid expansion in the next five years will have implications for power systems worldwide.

Will solar power increase global renewable power capacity by 2030?

Globally, solar PV alone accounted for three-quarters of renewable capacity additions worldwide. Prior to the COP28 climate change conference in Dubai, the International Energy Agency (IEA) urged governments to support five pillars for action by 2030, among them the goal of tripling global renewable power capacity.

What are the market trends for solar energy in ISA member countries?

Further, the report captures the market trends covering solar infrastructure and electricity access rates in ISA Member countries. Global investment in renewables reached USD 0.5 Tn in 2022 due to the global rise in solar PV installations. Solar PV dominated investment in 2022, accounting for 64% of the renewable energy investment.

What is the contribution of solar energy to global electricity production?

While the contribution of solar energy to global electricity production remains generally low at 3.6%, it has firmly established itself among other renewable energy technologies, comprising nearly 31% of the total installed renewable energy capacity in 2022 (IRENA, 2023).

How will solar power generation change in 2024?

In 2024, solar PV and wind generation together surpass hydropower generation. In 2025, renewables-based electricity generation overtakes coal-fired. In 2026, wind and solar power generation both surpasses nuclear. In 2027, solar PV electricity generation surpasses wind.

What percentage of global electricity generation is renewable?

In 2028, renewable energy sources account for over 42% of global electricity generation, with the share of wind and solar PV doubling to 25%. IEA. Licence: CC BY 4.0 China accounts for almost 60% of new renewable capacity expected to become operational globally by 2028.

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