Electricity generation from solar, measured in terawatt-hours.
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Solar continues to dominate new electricity generation capacity added to the grid in the United States, according to the Energy Information Administration''s (EIA) latest release of its Electric Power
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Despite these headwinds, the global solar PV market is still expected to grow by 10% in 2025, reaching 655 GW under the Medium Scenario (see Fig. 4). This would mark a continuation of the
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In 2024, the growth in electricity generation from solar PV alone surpassed that of all other renewable energy (RE) technologies combined. This is despite a substantial rebound in hydropower
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of PV in 2024— up 21% y/y. • At the end of 2024, solar was the second-largest source of U.S. generation capacity, though still a growing percentage of the U.S. electric generation mix. • In 2024, solar
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But just how fast is solar power growing? This article breaks down the latest data, explores key trends, and provides actionable insights on what this means for individuals, businesses, and policymakers.
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The past decade has seen exceptional progress in solar photovoltaics. Over 700 gigawatts of solar photovoltaic modules were installed in 2025, more than ten times the 56 gigawatts installed in 2015.
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Solar energy in the United States is booming. Along with our partners at Wood Mackenzie Power & Renewables, SEIA tracks trends and trajectories in the solar industry that demonstrate the diverse and
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In our STEO forecast, utility-scale solar is the fastest-growing source of electricity generation in the United States, increasing from 290 BkWh in 2025 to 424 BkWh by 2027.
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Solar PV will account for around 80% of the global increase in renewable power capacity over the next five years – driven by low costs and faster permitting timeframes – followed by wind, hydro, bioenergy
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