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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?