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-scale solar
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In this analysis, we examine the latest trends in installations, costs, and market dynamics, providing solar businesses, developers, and investors with a comprehensive picture of where the market is
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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
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“We expect this trend will continue in 2025, with 32.5 GW of new utility-scale solar capacity to be added.
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“We expect 250 GW of solar to be installed from 2025 to 2030,” said Michelle Davis, head of solar research at Wood Mackenzie and lead author of the report.
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Growth in utility-scale and distributed solar PV more than doubles, representing nearly 80% of worldwide renewable electricity capacity expansion. Low module costs, relatively efficient permitting processes and
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Developers in the US installed 12 GW of utility-scale solar capacity in the first half of 2025 and plan to add another 21 GW in the second half of the year, according to data presented on Wednesday by the
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– In Q1 2025, solar accounted for 10% of China''s total energy generation. • Renewable sources continue to capture a larger share of China''s growing electric capacity.
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We still anticipate a total of 41 GWdc of utility-scale solar to be built in 2025. And while we''ve increased our 2026 outlook by 9% to 36.1 GW, we''ve reduced our outlook for 2027 and 2028 by 10% and
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In our most realistic scenario, we anticipate a 10% increase in installations to 655 GW in 2025, with annual growth rates remaining in the low double digits between 2027-2029, reaching 930 GW by the end
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