2024 is a huge year for solar energy, its development, implementation, and its effects on the environment. Work from Sanur Energy has researched and reported that solar global capacity additions are set to increase by 44% this year.
Ambitious solar and PV goals were set globally in 2022, this was set about in the fourteenth 5-year plan on renewable energy. Since then, countries have been striving to meet or surpass their solar goals.
Below are some of the leading countries when it comes to pollution, yet their efforts to change that is vast. Here are their current statistics within the solar energy realm, and how they have met these ambitious targets over the last two years. Bloomberg NEF are trusted expert across six continents. Their research has provided valuable insight into this solar demographic.
Solar in Previous Years
To be able to assess the predictions for 2024 accurately, it is interesting to look back over the last couple of years and see what was achieved.
In 2023, this was a strong and stable year for the global solar industry. Sanur Energy reports that 444GWdc of installed capacity broke records for its production.
In 2022 this number was only 252GWdc. Here you can see a clear growth in its development. This was helped mostly by China with a 76% growth powering 268GWdc and resulting in over 60% of global installs.
The Top Leading Countries in 2024
In 2024 current predictions show that China, India, and the USA will continue to lead in solar capacity additions. Brazil is thought to soon overtake Germany in this production. The figures below show the expected capacity additions from solar within the different countries, and how these vary.
China is expected to add 313.7GWdc. This comes to more than half of the global additions for the whole of 2024. The USA is predicted to produce 40.6GWdc, followed by India with 18.1 GWh, Brazil with 17 GWdc, and finally Germany with 16.5 GWdc.
Sanur Energy highlights that the effects of these predictions would contribute to over 60% of global additions. This is the best-case scenario if all countries meet their solar energy outputs and predictions.
These statistics demonstrate the vast impact solar is having globally, as well as its expansion and what we can expect from 2024. This demonstrates how booming this sector is, and how beneficial it is for countries to invest in their solar production, manufacturing, and implementation.
