Featured in Further upstream – 10-2024

Growth flatlines in the face of uncertainty

Solar demand growth has been pulled back by policy changes and uncertainty but capacity additions in 2025 should still eclipse 2024. InfoLink’s Jonathan Chou examines the leading regions for solar installations.

By

pv magazine

05 Nov 2024

Economic fluctuations and policy changes have led to a slowdown in global solar market growth in the second half of 2024. InfoLink forecasts solar demand to reach up to 568 GW in 2025, growth of 7% compared to up to 533 GW in 2024.China will continue to lead solar deployments, with ground-mounted sites comprising 60% of demand. …

This article is part of pv+

Subscribe digitally to unlock exclusive investigative reporting, expert insights, in-depth analysis, and premium background coverage. Your subscription also includes full access to the digital edition of our magazine.