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Global cumulative solar photovoltaic capacity has grown continuously since 2000. In 2024, global cumulative solar PV capacity amounted to *** terawatts, with roughly *** gigawatts of new PV capacity installed in that same year.
The growth in the solar PV use represents a shift of global markets towards renewable and distributed energy technologies. As of 2022, China and the United States led the global PV market, with *** and *** gigawatts of cumulative solar PV capacity, respectively. However, Chile and Honduras were the countries with the highest shares of electricity consumption covered by photovoltaic power in 2022.
Solar energy systems include solar photovoltaic panels, inverters, racking, and, optionally, battery storage. Furthermore, photovoltaic panels have different layers, including polysilicon, wafers, and solar cells. The technology and chemical elements used, as well as the efficiency in converting sun energy into electricity in each different type of solar cell differ from one photovoltaic panel to another. First generation PV panels were made from mono-crystalline silicon and multi-crystalline silicon cells, followed by thin-film based solar cells (CdTe and CIGS) in the second generation. The third generation PV panels aim to combine high efficiency, greater life cycle, and thinner layers.
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2025
Worldwide
2000 to 2024
The statistic was assembled with several editions of the report.
Global cumulative installed capacity of wind power 2024, by country
Installed capacity of small hydro power worldwide from 2013 to 2022 (in gigawatts)
Renewable energy power plants' installed capacity Philippines 2012-2024
Installed capacity of renewable energy power plants Philippines 2024, by source
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Overview
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Installations and deployment
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