[SMM PV] PV Power Generation Became the Largest Source of Energy Supply Increment for the First Time

The International Energy Agency (IEA) recently released its annual flagship report, *Global Energy Review 2026*, noting that in 2025, against a complex economic and geopolitical backdrop, global energy demand growth slowed down, yet electricity consumption continued to grow robustly. Meanwhile, global energy demand growth showed a diversifying trend, with solar PV becoming the largest source of global energy supply growth for the first time.

IEA Executive Director Fatih Birol stated that against a complex economic and geopolitical backdrop, global energy demand continued to grow in 2025, but a clear trend was that electrification levels across major economies were rising, driving electricity consumption growth far faster than overall energy demand. In today's rapidly changing energy landscape, countries that prioritize energy resilience and diversification are best positioned to cope with fluctuations and deliver secure and affordable energy in the years ahead.