In this context, electricity generation from solar PV grew by a record 475 TWh (30%), the largest increase of all electricity generating technologies by far (Chart 1). In 2024, the growth in electricity generation from solar PV alone surpassed that of all other renewable energy (RE) technologies combined.
Regarding global power generation, solar nearly doubled its share over the past 3 years, growing by 1.3 percentage points only last year to a 7% share in the world’s electricity mix. This growth continued to drive renewable penetration and pushed additions of conventional electricity sources to a new low.
Source: International Energy Agency, Electricity 2025 (February 2025). According to the International Renewable Energy Agency, solar PV installed capacity increased by a massive 452 GW (alternating current “AC”) in 2024.
Solar experienced the fastest growth among all power generation technologies in terms of electricity output, three times as much as wind power, which was ranked second. As if that weren’t enough, global installed solar capacity surpassed 2 TW in 2024. It took nearly 70 years to reach the first terawatt, but only two more to double it.
Our home solar PV systems and energy storage products are engineered for reliability, safety, and efficient deployment in Polish conditions. All systems include comprehensive monitoring and control with remote management capabilities.
We explore the data to see where the clean energy transition stands today, from rising investment and job growth to grid needs and critical mineral demand.
Customer ServiceThe IEA expects global PV module generation to increase by 1,800 TWh per year between 2025 and 2027, causing solar to become the second-largest renewable energy source after wind turbines. The leap in …
Customer ServiceIn the first nine months of 2025, more than three-quarters of the electrical generating capacity added in the United States was solar power, according to new data …
Customer ServiceIn this context, electricity generation from solar PV grew by a record 475 TWh (30%), the largest increase of all electricity generating technologies by far (Chart 1). In 2024, …
Customer ServiceWorld installed 380 GW of new solar capacity in first six months of 2025 Global solar installations are on track for another record year. In the first six months of 2025, the world …
Customer ServicePercentage change in solar energy generation relative to the previous year.
Customer ServiceTo meet net-zero targets, solar capacity must therefore increase by 20% every year until 2030. Although it’s currently on track to meet that target, the industry still faces challenges. The intermittent …
Customer ServiceThe year 2024 was a true landmark year for solar power. Global solar installations reached nearly 600 GW – an impressive 33% increase over the previous year – setting yet …
Customer ServiceTo meet net-zero targets, solar capacity must therefore increase by 20% every year until 2030. Although it’s currently on track to meet that target, the industry still faces …
Customer ServiceChina and the US may be reducing policy support for the solar power sector, but Goldman Sachs Research still expects rapid growth, with solar installations set to rise by 57% …
Customer ServiceSolar and wind energy continued to dominate renewable capacity expansion, jointly accounting for 96.6% of all net renewable additions in 2024. And 2024 marks the highest annual increase in …
Customer ServicePercentage change in solar energy generation relative to the previous year.
Customer ServiceThe IEA expects global PV module generation to increase by 1,800 TWh per year between 2025 and 2027, causing solar to become the second-largest renewable energy …
Customer ServiceLatest developments in solar PV technology, energy storage advancements, commercial power solutions, and industry insights from our team of renewable energy experts across Poland.
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