capacity additions

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.

A report from American Clean Power Association shows that Texas has nearly 22GW of installed solar PV capacity after adding 1.6GW in Q2 2024.

In its 3Q 2024 Global PV Market Outlook, the commodity market research firm BNEF has revised its target for solar PV additions in 2024 to reach 592GW.

India’s cumulative installed solar capacity stood at 87.2GW by the end of June 2024 and accounts for 19.5% of all power capacity installed.

According to data from the US Energy Information Administration (EIA) latest report “Preliminary Monthly Electric Generator Inventory”, solar PV accounted for 59% of all additions.

India added around 12.2GW of new solar capacity in the first half of the year, according to figures from JMK Research.