Solar and wind markets outlook

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Power and renewables: the most impactful charts of

As the global energy landscape undergoes unprecedented transformation, 2024 has been a year of both remarkable achievements and significant challenges. Across solar, storage, wind, hydrogen and power

U.S Solar Market Growth Predictions for 2025

According to the latest Short-Term Energy Outlook from the U.S. Energy Information Administration (EIA), solar power generation in the U.S. is projected to skyrocket by 75% from 163 billion kilowatt-hours (kWh) in 2023

Solar and wind uptake to reach 5.4 TWac from 2024

Wind: Global wind power industry to add more than 1.7 TW over the next 10 years According to Wood Mackenzie''s Q2 global wind market outlook update, policy support from China''s central government drives the world''s

Solar surpasses all, wind bounces back – projections

Global solar generation is expected to surpass hydropower by the end of the decade, and wind power could bounce back from its recent market troubles, according to the International Energy Agency (IEA).

Global Energy Outlook 2025: Headwinds and

Electricity demand will continue to grow across the economy, particularly in the buildings and transportation sectors, with the speed of their electrification depending in large part on policy decisions. At the same time,

Solar PV and Wind Energy Market Analysis

The future outlook for the solar PV and wind energy market is optimistic, driven by factors such as increasing energy demand, declining technology costs, and policy support for renewable energy deployment worldwide.

Global Market Outlook For Solar Power 2021 – 2025

The two renewable generation sources are considered as key pillars of the future energy system, as demonstrated by China''s National Energy Administration (NEA) target of installing at least 90 GW wind and solar in 2021.

Solar: predictions for 2025 | Wood Mackenzie

After years of exponential growth in global solar buildout could policy uncertainty, protectionist measures and interconnection and transmission bottlenecks halt that trend? A look at the solar industry outlook, costs, tech

New Energy Outlook

The New Energy Outlook presents BloombergNEF''s long-term energy and climate scenarios for the transition to a low-carbon economy. Anchored in real-world sector and country transitions, it provides an independent set of credible

The 2025 US power market outlook | Wood Mackenzie

At this year''s Infocast Solar + Wind Finance and Investment Summit, our analysts presented a comprehensive outlook on US power markets, highlighting the key forces shaping the sector today and over the next decade.

The 2025 US power market outlook | Wood Mackenzie

Quarterly Solar Industry Update

Each quarter, the National Renewable Energy Laboratory conducts the Quarterly Solar Industry Update, a presentation of technical trends within the solar industry. Each presentation focuses on global and U.S. supply

Will the global solar PV market grow in 2025?

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 deceleration trend following the extraordinary 85% growth in 2023 and the more moderate 33% in 2024.

What is the outlook for offshore wind?

It should be noted that the outlook is less positive in some nations, for example in Finland, onshore wind investments have slowed due to high costs and interest rates, while offshore wind is pending regulatory changes.

How many GW of solar & wind will be operational in 2024?

The February 2025 release of the Global Solar Power Tracker and the Global Wind Power Tracker shows at least 240 GW of utility-scale solar and wind became operational in 2024. 3 This is a lower figure than the International Energy Agency’s earlier forecast (378 GW), as it does not include projects for which the start year is unknown.

Will solar power increase in 2024?

As a result, in 2024, solar surpassed hydropower and nuclear as the fourth-largest source of installed capacity, after wind. 3 By the end of 2024, the US Energy Information Administration (EIA) expects wind capacity to rise to 153.8 GW, up by 6.5 GW from a year earlier.

What if the solar market trajectory continues?

If the solar market trajectory continues as projected, total global solar installations are set to triple over the next five years, surpassing 6 TW by 2029 in the Medium Scenario. By extrapolating this trajectory to 2030, total solar capacity will stand at 7.1 TW by the end of the decade.

How has solar impacted global power generation?

Regarding global power generation, solar nearly doubled its share over the past 3 years, growing by 1.3 percentage points only last year to a 7% share in the world’s electricity mix. This growth continued to drive renewable penetration and pushed additions of conventional electricity sources to a new low.