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capacity additions

Quinbrook subsidiary Primergy Solar's Gemini solar project in the US. Image: Quinbrook

Texas outpaces California as US state with most utility-scale PV capacity

September 6, 2024
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.
Chart highlighting solar PV capacity additions per region each year until 2035

BNEF expects 592GW of solar PV installs globally in 2024

September 2, 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.
Chart of India's quarterly installations of solar PV capacity

India adds 15GW solar PV in H1 2024, up 282% YoY

August 23, 2024
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.
Chart showing the electricity capacity additions from different technologies in the US in 2024

EIA: US added 12GW of solar PV in H1 2024

August 22, 2024
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.
Vikram Solar will use INR793.36 crore (US$95 million) from the IPO to build a 3,000MW solar cell and module facility.

India adds 12.2GW of solar capacity in H1 2024, exceeds 2023 renewable power installation total

August 13, 2024
India added around 12.2GW of new solar capacity in the first half of the year, according to figures from JMK Research.
Egypt and the United Arab Emirates plan on accelerating deployment of renewables

Egypt aims to add 4GW of renewables by next summer

July 18, 2024
Egypt aims to accelerate the approval process for new renewables capacity to be constructed in the country.
Move On Energy has powered Europe's largest solar PV plant.

Germany adds 7.5GW solar PV in H1 2024, reaches 90GW

July 17, 2024
Germany has been consistently adding over 1GW of solar PV capacity every month since March 2023, and has passed a total of 90GW capacity.
irena

IRENA: 14% year-on-year growth in renewable power capacity additions, 16.4% needed to meet 2030 targets

July 12, 2024
IRENA has found that the world’s renewable power capacity will need to increase by 16.4%, year-on-year, to meet the world’s climate targets.
The GCL SI Hefei gigafactory in China.

China to raise minimum capital ratio to 30% for solar manufacturing

July 9, 2024
The Chinese Ministry of Industry and Information Technology (MIIT) has issued a draft rule raising the minimum capital ratio for solar PV manufacturing projects to 30%.
rec group

Wood Mackenzie: world to add 3.8TWac of new solar capacity by 2033

July 8, 2024
The world will add 3.8TWac of new solar capacity by 2033, alongside 1.6TW of new wind capacity, according to Wood Mackenzie.

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