[SMM PV News] The latest report from the IEA PV Power Systems Programme shows that global cumulative PV installations have exceeded 2.26 TW.

Published: Oct 29, 2025 09:36

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Recently, the latest report from the International Energy Agency's Photovoltaic Power Systems Programme revealed that, driven by PV module price reductions, improved investor confidence, and the urgency of climate action, global solar PV installations in 2024 increased by nearly 29% YoY. The "2024 Global PV Market Snapshot" simultaneously disclosed that the global cumulative PV installations have exceeded 2.26 TW, with over 47% added in the past three years. The report also indicated that 35 countries worldwide have achieved GW-scale annual installations, while emerging markets such as Africa and the UAE are accelerating expansion, becoming key drivers of global renewable energy growth.

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