In 2021, China installed the largest share of the world’s new solar photovoltaic (PV) capacity, at 44 percent of the total capacity. In comparison, the United States installed 8 percent of the world’s 240 gigawatts of capacity additions, the country's construction of photovoltaic systems added 18.6 gigawatt in that year.
Viability of global solar technology
Global cumulative installed solar PV capacity stood at 1,177 gigawatts in 2022, in comparison to some 1.3 gigawatts at the beginning of this century. Solar is one of the fastest growing energy technologies in the global market as the average cost of using solar PV has decreased over the years. The reduction in costs has made it one of the most competitive options for residential and commercial markets as well as utility projects. Addressing policy, regulatory instability, as well as financial challenges will be essential for the further integration of solar PV into global electricity generation.
Percentage of new installed solar PV capacity worldwide in 2022, by country
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REN21. (June 13, 2023). Percentage of new installed solar PV capacity worldwide in 2022, by country [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/
REN21. "Percentage of new installed solar PV capacity worldwide in 2022, by country." Chart. June 13, 2023. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/
REN21. (2023). Percentage of new installed solar PV capacity worldwide in 2022, by country. Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/
REN21. "Percentage of New Installed Solar Pv Capacity Worldwide in 2022, by Country." Statista, Statista Inc., 13 Jun 2023, https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/
REN21, Percentage of new installed solar PV capacity worldwide in 2022, by country Statista, https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/ (last visited July 03, 2024)
Percentage of new installed solar PV capacity worldwide in 2022, by country [Graph], REN21, June 13, 2023. [Online]. Available: https://www.statista.com/statistics/271448/distribution-of-newly-installed-solar-capacity-by-country/