+
Global Solar Capacity Reaches 1,418 GW
POWER & RENEWABLE ENERGY

Global Solar Capacity Reaches 1,418 GW

The global solar power sector has witnessed impressive growth, reaching a total capacity of 1,418 gigawatts (GW), according to recent reports. This expansion is accompanied by record investments, which have surged to $3.1 trillion in recent years. The rising demand for clean energy, combined with technological advancements and declining costs, has driven this growth, positioning solar as a central pillar in the transition to renewable energy.

The report highlights how solar power has become increasingly cost-competitive, with large-scale solar projects now achieving cost parity with traditional fossil fuel-based generation. This shift is particularly prominent in emerging economies, where solar is playing a key role in addressing energy access and sustainability.

Countries across the globe are accelerating their efforts to meet climate goals, with solar energy emerging as a critical component in their renewable energy strategies. The International Energy Agency (IEA) predicts that solar will lead global power generation, outpacing coal and natural gas in the coming decades. Additionally, solar technology's scalability and efficiency improvements are expected to further drive its adoption worldwide.

The $3.1 trillion in investments signifies the increasing confidence in the solar sector and its long-term viability. These investments are being directed toward infrastructure development, advanced technologies, and expanding grid integration, further enhancing solar's role in the global energy mix.

This milestone is not only a testament to the sector's growth but also signals a positive shift toward a more sustainable and clean energy future, with solar power at its forefront.

The global solar power sector has witnessed impressive growth, reaching a total capacity of 1,418 gigawatts (GW), according to recent reports. This expansion is accompanied by record investments, which have surged to $3.1 trillion in recent years. The rising demand for clean energy, combined with technological advancements and declining costs, has driven this growth, positioning solar as a central pillar in the transition to renewable energy. The report highlights how solar power has become increasingly cost-competitive, with large-scale solar projects now achieving cost parity with traditional fossil fuel-based generation. This shift is particularly prominent in emerging economies, where solar is playing a key role in addressing energy access and sustainability. Countries across the globe are accelerating their efforts to meet climate goals, with solar energy emerging as a critical component in their renewable energy strategies. The International Energy Agency (IEA) predicts that solar will lead global power generation, outpacing coal and natural gas in the coming decades. Additionally, solar technology's scalability and efficiency improvements are expected to further drive its adoption worldwide. The $3.1 trillion in investments signifies the increasing confidence in the solar sector and its long-term viability. These investments are being directed toward infrastructure development, advanced technologies, and expanding grid integration, further enhancing solar's role in the global energy mix. This milestone is not only a testament to the sector's growth but also signals a positive shift toward a more sustainable and clean energy future, with solar power at its forefront.

Next Story
Infrastructure Transport

NHAI Trials GlasGrid Tech to Strengthen Chennai-Bengaluru Highway

The National Highways Authority of India (NHAI) has begun a trial using GlasGrid — a pavement reinforcement grid made of high-strength glass fibre — to repair identified cracks on the Chennai-Bengaluru Highway (NH-44) between the Walajah toll gate in Ranipet and Krishnagiri, aiming to enhance the durability of the 148 km stretch.NHAI officials stated that this portion of the highway is maintained by Larsen & Toubro under a 30-year maintenance contract signed over a decade ago. According to norms, a full resurfacing of the entire stretch is carried out once every ten years, with routine..

Next Story
Infrastructure Transport

NHAI Extends Six-Laning of NH-65 to Vijayawada West Bypass

Along the Vijayawada–Hyderabad corridor, the National Highways Authority of India (NHAI) has revised its earlier plans and agreed to extend the six-laning project on NH-65 up to the Vijayawada West Bypass near Gollapudi, according to the Times of India.Previously, the project was set to conclude at the Amaravati Outer Ring Road (ORR) alignment.This change was confirmed in a letter from the Union Minister for Road Transport and Highways, Nitin Gadkari, addressed to Vijayawada MP Kesineni Sivanath (Chinni).The minister noted that the six-laning will now cover the stretch from KM 40 near the Hy..

Next Story
Infrastructure Transport

Lucknow To Widen Key Road Stretch For Green Corridor Access

The Lucknow Development Authority (LDA) plans to widen the narrow 1.5-kilometre stretch between Harinagar Cattle Colony in Balaganj and Gaughat into a two-lane road by the end of October. This upgrade aims to ease traffic flow and improve access to Phase I of the Green Corridor, which currently extends from IIM Road to Pakka Pul.According to LDA official AK Senger, who heads the Project Implementation Unit (PIU) for the Green Corridor, this stretch is crucial to the corridor’s overall connectivity plan.“Earth levelling is underway, and land along the proposed embankment alignment is being ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?