iea

The world added 553GW of new solar capacity in 2024, although renewable power accounts for a fraction of the world’s electricity generation.

A new report from the International Energy Agency (IEA) has shown that solar PV made up 7% of the world's electricity generation in 2024.

Australia has topped the international leaderboard in scaling electricity generation from low-emission and clean technologies, with growth between 2018 and 2023 at just over 100%.

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.

Distributed solar PV, and hybrid PV, systems can play a key role in providing grid balancing mechanisms, according to the IEA.

Floating PV's carbon footprint could be around seven times lower than ground-mounted solar systems, according to a TNO-IEA report.

Indonesia has issued rooftop solar PV system development quotas of 5.75GW for state electricity company PLN between 2024 and 2028.

Investment in solar PV is expected to surpass all other generation technologies combined with over US$500 billion, according to a report from the International Energy Agency (IEA).

Low solar module prices kept solar PV competitive in the energy market in 2023 despite generally falling electricity prices.