Total global solar PV capacity forecast 2015-2028

Published by Lucía Fernández, Aug 13, 2024
Global cumulative solar PV (photovoltaic) capacity has presented a trend of continuous growth since 2015. The growth in the solar market represents a shift of global markets towards renewable and distributed energy technologies. Between 2015 and 2022, figures increased by more than 900 gigawatts. Moreover, cumulative solar PV capacity is expected to surpass 3.5 terawatts by 2027, representing an increase of over 2.3 terawatts compared to 2022.

Cumulative installations of solar PV capacity worldwide from 2015 to 2023, with a forecast until 2028 (in gigawatts)

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Release date

2024

Region

Worldwide

Survey time period

2015 to 2023

Supplementary notes

* The figures from 2024 to 2028 are projections representing SolarPower Europe's medium scenario.

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Overview

6

Capacity

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Generation

5

Cost of solar

4

Solar components

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Companies

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Investments

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Outlook

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Topics

Global solar photovoltaicsU.S. solar photovoltaicsSolar energy in ChinaSolar power in the UKSolar PV in Europe
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