The world is set to install a third more solar capacity this year than it did in 2023, surpassing forecasts by both industry experts and independent analysts.
The world is set to install a third more solar capacity this year than it did in 2023, surpassing forecasts by both industry experts and independent analysts.
New figures from energy think tank Ember show that countries are on track to add 593 gigawatts of solar capacity in 2024, roughly 200 gigawatts more than was predicted by the International Energy Agency and Wood Mackenzie in January. Solar capacity additions in this year alone will likely exceed all coal additions since 2010.
China is driving the bulk of the growth. In the first half of this year, China installed more solar than it did in all of 2022, helping it to maintain its status as the world leader on renewable energy. For the second year in a row, China will account for more than half of all solar added globally.
Read more at: Yale Environment 360
Photo Credit: Royal Academy of Engineering
