capacity additions

India has added a record 24.5GW of solar PV capacity in 2024, according to data from energy consultancy JMK Research.

The German Federal Network Agency's provisional figures for 2024 include the addition of 16.2GW of new solar capacity.

Overall, Germany (with 16.1GW added in 2024) continues to be the most important market in the European Union for solar PV, followed by Spain (9.3GW) and Italy (6.4GW).

India installed around 13.2GW of new utility-scale solar capacity from January through September this year, a roughly 161% increase.

The American Clean Power Association (ACP) has forecasted that the US is set to add 32GW of utility-scale solar PV capacity in 2024.

Greater policy support will be needed if the world is to meet its 2030 renewable energy targets, according to Ember Climate.

Europe is forecast to add 110GW of solar PV capacity in 2025, according to Liam Coman, solar market analyst at S&P Global Commodity Insights.

Solar PV is set to account for 80% of the 5,500GW of new clean energy additions made by 2030, according to the IEA.

The world could meet the targets set out at last year’s COP28, as long as 'additional international efforts' are made, according to the IEA.

The world is on pace to add 593GW of new solar power capacity in 2024, a 29% increase over the capacity added in 2023.