SolarPower Europe – Global Market Outlook for Solar Power, 2025-2029

The main theme of the report is the analysis of the global solar power market for the period 2025-2029.

Key findings include: In 2024, global solar power installations reached nearly 600 GW, a 33% increase compared to the previous year. Solar power accounted for 81% of all new renewable energy capacity added worldwide. The share of solar power in total electricity generation grew to 7% in 2024. Growth rates are expected to slow, but installations will reach 655 GW in 2025 and 930 GW by 2029. Major challenges include uneven distribution of solar power market growth, with concentration in the Asia-Pacific region, particularly in China.