![\"\"](\"https:\/\/new.eba.com.ua\/wp-content\/uploads\/2025\/12\/Helios_Strategia_1_05122025.png\")
<\/p>\n<\/p>\n
The year 2024 became one of the most remarkable in the development of global solar energy. New installed capacity reached nearly 600 GW, which is 33% more than the year before. This accounted for 81% of all new capacity added in the renewable energy sector and provided 7% of total global electricity generation. In terms of growth rate, solar energy expanded almost three times faster than wind power. As of 2024, global installed solar capacity surpassed 2 TW, a historic milestone: while reaching the first terawatt<\/i> took around 70 years, adding the second required only two years.<\/span><\/p>\n 579 <\/strong>GW<\/strong><\/p>\n installed in 2024<\/span><\/td>\n 33%<\/strong><\/p>\n annual market growth: a<\/span> decrease from 85% in 2023<\/span><\/td>\n 7,1 <\/strong>TW<\/strong><\/p>\n total solar capacity and TW-level annual installations likely to be<\/span> reached by 2030<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n Drivers of Rapid Growth<\/strong><\/p>\n The sharp increase in capacity has been driven by two major factors:<\/p>\n 2025\u20132029 Forecast<\/strong><\/p>\n Despite the record-breaking performance of 2024, further market growth is expected to slow slightly. According to a realistic scenario by SolarPower Europe, global new solar capacity will reach 655 GW in 2025, representing around 10% growth. Between 2027 and 2029, stable double-digit annual increases are anticipated, enabling the market to reach 930 GW in newly added capacity by the end of 2029.<\/p>\n Meanwhile, the Global Solar Council has set a more ambitious target \u2014 8 TW of installed solar capacity by 2030, which would require adding 1 TW of new capacity every single year. Achieving this will depend on addressing major regional imbalances, as current market development remains uneven.<\/p>\n Geographical Market Structure<\/strong><\/p>\n The dominant share of the global market belongs to the Asia-Pacific region, led by China, which in 2024 increased its installed capacity by 30% to 329 GW, representing 55% of the global solar market. China remains the key driver of global expansion, but also highlights the industry’s dependence on a single country. The temporary slowdown is therefore considered a natural market adjustment, largely influenced by China\u2019s manufacturing surplus.<\/p>\n At the same time, India has emerged as a new hub of solar growth, doubling its capacity in 2024 and ranking third globally. The country continues to demonstrate strong potential for future expansion.<\/p>\n In contrast, both the Middle East and Africa showed slower installation rates in 2024. Only 35 countries managed to add more than 1 GW of solar capacity during the year, fewer than initially expected. However, these regions are projected to accelerate growth in the coming years.<\/span><\/p>\n<\/div>\n Key Challenges and Recommendations<\/strong><\/p>\n The Global Solar Council emphasizes that developed economies must focus on:<\/p>\n Less-developed regions need to:<\/p>\n Outlook to 2030<\/strong><\/p>\n Amid ongoing geopolitical instability, affordable solar energy has strong potential to become a foundation of energy security and economic competitiveness. The coming years will be critical for the sector and require significant commitments from political leaders and financial institutions. According to SolarPower Europe, global installed solar capacity may reach 7.1 TW by 2030, which equals almost two thirds of the 11 TW target set at COP28. With favorable conditions and strong political support, solar energy could exceed current expectations.<\/p>\n\n\n
\n \n \n \n \n
![\"\"](\"https:\/\/new.eba.com.ua\/wp-content\/uploads\/2025\/12\/Helios_Strategia_3_05122025.png\")
<\/p>\n\n
\n