Full Title: Global Solar: Four Things to Look for in 2025
Author(s): Sylvia Leyva Martinez, Juan Monge, Sagar Chopra, Félix Delgado, Robert Liew, Yana Hryshko, Daniel Garasa Sagardoy, Sohan Gwalani, Victoria Ortega, Harshul Kanwar, Ting Yu, and Afiq Naqiuddin
Publisher(s): Wood Mackenzie
Publication Date: January 16, 2025
Full Text: Download Resource
Description (excerpt):
The global solar market continued its growth trend in 2024, reaching 495 GWdc of installed capacity – a 14% increase on the previous year. Will that trend continue in 2025? Power demand will continue to rise across regions due to the proliferation of data centres and growing electrification trends. But could policy uncertainty, protectionist measures and interconnection and transmission bottlenecks halt the annual growth trend of solar buildout?
Drawing on insight from Lens Power, the authors set out their view of the factors that will shape the year ahead – and beyond – in Global Solar: Four Things to Look for in 2025.