solar energy report

It also provides a unique guide for policy makers, industry representatives and concerned stakeholders on how best to use, combine and successfully promote the major categories of solar energy: solar heating and cooling, photovoltaic and

Solar accounted for 53% of all new electricity-generating capacity added to the US grid in 2023, making up over half of new generating capacity for the first time. The residential segment set another annual record at 6.8 GWdc installed in 2023, growing 13% over 2022.

Renewables 2023. Executive summary. 2023 saw a step change in renewable capacity additions, driven by China''s solar PV market. Global annual renewable capacity additions increased by almost 50% to nearly 510 gigawatts (GW) in 2023, the fastest growth rate in the past two decades.

EIA projects the percentage of U.S. electric capacity additions from solar will grow from 46% in 2022 (18 GWac) to 54% in 2023 (31 GWac), 63% in 2024 (44 GWac), and 71% in 2025 (51 GWac). Other analysts'' projections are lower, with a median value of 33 GWdc in 2023, growing to 36 GWdc in 2024 and 40 GWdc in 2025.

Read the report. The Future of Solar Energy considers only the two widely recognized classes of technologies for converting solar energy into electricity — photovoltaics (PV) and concentrated solar power (CSP), sometimes called solar thermal) — in their current and plausible future forms.

The Solar Futures Study, prepared by DOE''s National Renewable Energy Laboratory, shows that, by 2035, the United States would need to quadruple its yearly solar capacity additions and provide 1,000 GW of power to a renewable-dominant grid.

Information on the size, growth and electric generating capacity of the U.S. solar industry. Latest report: 2022 Year in Review, released March 9, 2023

The Solar Futures Study explores pathways for solar energy to drive deep decarbonization of the U.S. electric grid and considers how further electrification could decarbonize the broader energy system.

Global solar PV investments in capacity additions increased by over 20% in 2022 and surpassed USD 320 billion, marking another record year. Solar PV comprised almost 45% of total global electricity generation investment in 2022, triple the spending on all fossil fuel technologies collectively.

The Solar Futures Study is a U.S Department of Energy report that explores the role of solar energy in achieving the goals of a decarbonized grid by 2035 and a decarbonized energy system by 2050.