Wind and Solar Year Review 2024

The Global Energy Monitor's Wind and Solar Year Review 2024 reports that while prospective global utility-scale solar and wind capacity grew by over 20% in 2024, the current pipeline of 4.4 TW is only about half of the 9 TW required to meet the COP28 goal of tripling renewables by 2030.

• Prospective utility-scale solar and wind capacity—including announced, pre-construction, and construction phases—increased by more than 20% in 2024, rising from 3.6 terawatts (TW) to 4.4 TW. This total is insufficient to meet the COP28 goal of tripling renewables capacity by 2030, which requires approximately 9 TW of wind and solar.
• Global operating capacity for utility-scale solar and wind grew by 14% in 2024, with at least 240 gigawatts (GW) coming online. China maintains the largest operating capacity, with at least 891 GW tracked by Global Energy Monitor.
• Project completion rates vary significantly by region. While 76% of solar and wind projects in G7 countries became operational on time, this rate dropped to 55% in China and 52% in other non-G7 countries. Additionally, 10% of projects in non-G7 countries (excluding China) were shelved in 2024.
• There is a disparity between economic wealth and renewable energy construction. G7 countries account for 45% of global GDP but are planning only 10% of global solar and wind projects. In contrast, China plans to build 70% of all utility-scale solar and wind projects in the coming years.
• Specific national developments include India targeting nearly 130 GW of prospective utility-scale solar and wind capacity, with 35 GW expected to connect to the grid by March 2025. In the United States, solar and wind produced more energy than coal for the first time during the first seven months of 2024, ending the year with 274 GW of operating capacity.

APA

O'Malia, D. K. J. S. K. (2025). Wind and Solar Year Review 2024. Global Energy Monitor. https://globalenergymonitor.org/research/wind-and-solar-year-review-2024

Chicago

O'Malia, Diren Kocakuşak, Janna Smith, Kasandra. Wind and Solar Year Review 2024. Global Energy Monitor, 2025. https://globalenergymonitor.org/research/wind-and-solar-year-review-2024.

Wikipedia

{{cite report |last1=O'Malia |first1=Diren Kocakuşak, Janna Smith, Kasandra |title=Wind and Solar Year Review 2024 |publisher=Global Energy Monitor |date=28 February 2025 |url=https://globalenergymonitor.org/research/wind-and-solar-year-review-2024 |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{omalia2025wind, author = {O'Malia, Diren Kocakuşak, Janna Smith, Kasandra}, title = {{Wind and Solar Year Review 2024}}, institution = {Global Energy Monitor}, year = {2025}, month = feb, url = {https://globalenergymonitor.org/research/wind-and-solar-year-review-2024}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }