MONTHLY CHINA ENERGY UPDATE | February 2025
In CY2024, China hit a new record of annual net new capacity added to the grid at 429GW, a 21% y-o-y increase. Of this, wind and solar power combined capacity accounted for 83%
Renewable power capacity increased by 585 GW (+15.1%) in 2024. Over three-quarters of the capacity expansion was due to solar energy which witnessed an increase of 452 GW (+32.2%); this was followed by wind energy with additions of 113 GW (+11.1%). Renewable hydropower capacity increased by 15.0 GW (+1.2%), bioenergy by 0.4 GW (+2.5%).
This amount represents an almost 30% increase from 2024 when 48.6 GW of capacity was installed, the largest capacity installation in a single year since 2002. Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar.
With 585 GW of capacity additions, renewables accounted for over 90% of total power expansion globally in 2024.
In the first six months of 2025, the world added 380 GW of new solar capacity — 64% higher than during the same period in 2024, when 232 GW were installed. In 2024, it took until September for global solar capacity additions to surpass 350 GW, while in 2025, the milestone was reached in June.
In CY2024, China hit a new record of annual net new capacity added to the grid at 429GW, a 21% y-o-y increase. Of this, wind and solar power combined capacity accounted for 83%
We expect 63 gigawatts (GW) of new utility-scale electric-generating capacity to be added to the U.S. power grid in 2025 in our latest Preliminary Monthly Electric Generator Inventory
The total cumulative installed capacity is projected to record a CAGR of 11% during the period 2024-35. Solar PV and wind power were significant contributors to the renewable energy
In a groundbreaking revelation, a report from the International Energy Agency (IEA) has highlighted a remarkable surge in global solar photovoltaic (PV) capacity additions, soaring by over
The expansion of renewable capacity in 2024 was dominated by solar and wind energy, which together accounted for 96.6% of all net renewable additions. 2024 saw the largest annual
World installed 380 GW of new solar capacity in first six months of 2025 Global solar installations are on track for another record year. In the first six months of 2025, the world added 380
Globally, renewable power capacity is projected to increase almost 4 600 GW between 2025 and 2030 – double the deployment of the previous five years (2019-2024). Growth in utility-scale and
Renewable power capacity growth (GW) Renewable power capacity increased by 585 GW (+15.1%) in 2024. Over three-quarters of the capacity expansion was due to solar energy which witnessed an
This surge marked the largest annual expansion to date, with renewables accounting for 92.5% of global power additions, driven primarily by solar and wind energy. Solar power led the
Solar and wind energy continued to expand the most, jointly accounting for 96.6% of all net renewable additions in 2024. Over three-quarters of the capacity expansion was in solar energy
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