34 countries installed more than 1 GW of new capacity in 2024; 23 countries now exceed 10 GW in total installed capacity. Utility-scale PV led global installations, but distributed PV remained strong in key markets including Germany, Türkiye, and Brazil.
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The global solar inverter market will contract for two consecutive years, declining 2% to 577 GWAC in 2025 and a further 9% to 523 GWAC in 2026, according to Wood Mackenzie's latest reporting.
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Outside of China and the Group of 7 (G7) rich nations, only half of solar and wind projects designated to come online in 2024 were actually completed on time.
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Data and analysis including a list of solar power in every country in the world, countries with the most solar power, and countries that generate the highest percentage of their electricity from solar power.
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