reports

Chinese, Indian and American companies have strengthened their positions atop the solar industry’s EPC rankings, according to Wiki-Solar.

Europe completed power purchase agreements (PPAs) for 1.6GW of renewable energy capacity in March, according to Pexapark.

The world reached 2.2TW of cumulative installed solar capacity in 2024, with China alone accounting for 1TW of total operating capacity.

The world added 451.9GW of new solar capacity in 2024, accounting for three-quarters of all new renewable power capacity commissioned last year.

Canadian Solar has recorded a 1% quarter-on-quarter increase in revenues in the fourth quarter of 2024, while year-end profits have fallen.

Europe saw a 4% month-on-month decline in number of power purchase agreements (PPAs) signed in February 2025, according to Pexapark.

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

Solar and storage projects accounted for 84% of electricity generating capacity added in 2024, with solar seeing 50GW of new capacity.

Europe’s solar manufacturing sector heavily favours downstream products such as cells and modules, according to SolarPower Europe.

The US added a record 49GW of new solar capacity in 2024, according to figures from the BCSE and Bloomberg New Energy Finance.