US Edition2025: A landmark year for solar energy
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The Overview of Global Photovoltaic Markets report according to IEA-PVPS 2025 reveals a crucial moment for solar energy: global photovoltaic capacity exceeded 2.2 TW, with more than 600 GW installed only in 2024. As module prices fell due to oversupply, installation volumes continued to increase, reflecting both the strength and volatility of the global photovoltaic industry. 2024 was a year of dual narratives.
With 9 thousand MW of new solar capacity and 7 thousand MW of batteries for electricity storage announced, investments in their construction are increasing significantly, since from July 1, 2025.
pv magazine International
2025: A landmark year for solar energy
The IEA-PVPS 2025 Snapshot of Global PV Markets reveals a pivotal moment for solar power: global PV capacity surpassed 2.2 TW, with more than 600 GW installed in 2024 alone. As module prices fell due to oversupply, installation volumes continued to grow, highlighting both the strength and volatility of the global PV industry.2024 was a year of dual narratives. On the one hand, unprecedented volumes of solar PV capacity were deployed, led by Chin…
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