Global solar installations set for slow 2025 as Europe falters and US hits ‘inflexion point’

4 comments

1. Bad news or is the industry maturing?

2. >The global solar market will continue to slow in 2025 after 2024 saw the total capacity growth **rate** decrease by over 50%, according to a report from SolarPower Europe (SPE).

   >SPE said it expects global solar PV additions to grow by 10% in 2025, a significant decrease from 33% growth in 2024 and 87% growth in 2023.

   Let’s put 2022 at 100 GW.
   Plus 87% in 2023 is 187 GW (added: 87 GW).
   Plus 33% (of 187) in 2024 is 248 GW (added: 61 GW).
   Plus 10% (of 248) in 2025 is 273 GW (added: 25 GW).

   So yes, it looks dramatic in percentages, in the real world that’s still a lot of coal-CEO tears.

   *Also, ‘renewable’ is so successful that it created congestion problems on the grid and projects are put on a waiting list.*

3. Confusing title – the GROWTH is slowing, but we are still (as a whole world) installing more than last year (655GW vs just under 600 in 2024)

4. A lot of EU countries are close to that 20% of total demand from solar where you starting to see significant diminishing returns unless you install lot of batteries.

   I suspect until the EU start adding batteries at a higher rate that we will get a slower (read: same as last year) rate of new PV on the grid. And that will depend a lot on the political decisions around batteries import costs.

Comments are closed.