Solar power continues to surge in 2024

The world is on track to install 593 GW of solar power in 2024, a 29% increase over 2023. China remains the dominant market, projected to account for 56% of global additions. Growth is widespread, with significant surges in India and the US, and emerging markets like Pakistan and Saudi Arabia showing rapid increases in solar panel imports. This trajectory puts the goal of tripling renewable power capacity by 2030 within reach, provided grid and storage constraints are addressed.

• Global solar capacity additions are projected to reach 593 GW in 2024, representing a 29% increase compared to 2023.
• China is expected to contribute 334 GW of solar capacity in 2024, which is 56% of the total global additions for the year.
• Five countries—China, the United States, India, Germany, and Brazil—are on track to account for 75% of the world's solar capacity additions in 2024.
• India's solar installations in the first seven months of 2024 are 77% higher than the same period in 2023, with a year-end projection of 23 GW.
• The United States saw a 55% increase in solar additions from January to June 2024 compared to the same period in 2023, primarily driven by utility-scale projects which comprised over 80% of additions.
• Export data indicates the emergence of new solar markets, specifically Pakistan and Saudi Arabia, which both saw average monthly solar panel imports exceed 1 GW.
• The 2024 estimate of 593 GW is significantly higher than the International Energy Agency's (IEA) main case outlook from January 2024 by nearly 200 GW.
• To meet the Global Renewables and Energy Efficiency Pledge of tripling renewable capacity by 2030, solar capacity would need to reach 6000 GW by 2030.

APA

Ember (2024). Solar power continues to surge in 2024. https://ember-energy.org/latest-insights/solar-power-continues-to-surge-in-2024

Chicago

Ember. Solar power continues to surge in 2024. 2024. https://ember-energy.org/latest-insights/solar-power-continues-to-surge-in-2024.

Wikipedia

{{cite report |author=Ember |title=Solar power continues to surge in 2024 |date=19 September 2024 |url=https://ember-energy.org/latest-insights/solar-power-continues-to-surge-in-2024 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{ember2024solar, author = {{Ember}}, title = {{Solar power continues to surge in 2024}}, institution = {Ember}, year = {2024}, month = sep, url = {https://ember-energy.org/latest-insights/solar-power-continues-to-surge-in-2024}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }