INSUBCONTINENT EXCLUSIVE:
China accounted for around half of both freshly included and overall global solar photovoltaic (PV) capacity in 2024, a turning point hailed
by European experts as a significant contribution to the worlds carbon decrease goals.China set up 329 gigawatts (GW) of solar capacity
within 2024, representing 55 percent of global brand-new additions, according to a report launched by the industry group SolarPower Europe
during the 2025 Intersolar Europe exhibition, which concluded on Friday.That brought international cumulative solar capability to more than
2 terawatts (TW) by the end of last year, with China leading at 985 GW, followed by the United States, India and Germany, said the report,
entitled Global Market Outlook for Solar Power 2025-2029
Chinas development is a significant accomplishment from a global decarbonization point of view, the report noted
Its extensive solar commitment has enabled the technologys quick international advancement
Christophe Lits, senior market analyst at SolarPower Europe and co-author of the report, said that Chinas influence extends beyond its
Most of the PV products in the European market are originating from China, which has actually enabled the strong growth of the bloc, he
said.EU nations added about 65 GW of brand-new solar capability in 2024, the report revealed, with Germany staying the largest individual
4 EU countries ranked amongst the worlds leading 10 for new installations.Lits kept in mind that some Chinese producers are purchasing local
production throughout Europe, building factories for PV models, inverters and storage systems
This represents a much deeper level of commitment from China to increase its participation in Europes energy shift, he said.The report
highlighted a substantial role of solar energy in the entire renewable resource landscape, forecasting international PV capacity to reach
This is anticipated to account for roughly 65 percent of total sustainable electrical energy generation capability already.(Cover: A fishing
photovoltaic hybrid project in Xinyu City, Jiangxi Province, east China, July 8, 2024./ VCG)
