BloombergNEF expects up to 700 GW of new solar in 2025

BloombergNEF expects up to 700 GW of new solar in 2025 BloombergNEF says global solar installations could reach 700 GW in 2025, with additions rising to 753 GW in 2026 and 780 GW in 2027. March 13, 2025 Emiliano Bellini Commercial & Industrial PV Markets Residential PV Utility Scale PV World Image: Damien Tait, Unsplash Share The world may add about 698 GW of new PV capacity in 2025, BloombergNEF said in a new report. That figure would compare to 599 GW in 2024, 444 GW in 2023, and 252 GW in 2022. BloombergNEF said it expects China to remain the largest PV market this year, followed by the United States, India, Germany, Brazil, Pakistan, Turkey, and Italy. The firm also projects global PV additions could reach 753 GW in 2026 and 780 GW in 2027. The report's authors warned that many mature PV markets are now facing grid capacity constraints, falling spot market power prices, and declining homeowner interest in rooftop systems. This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com. Growatt releases all-in-one 8 kWh balcony storage system 11 March 2025 The battery features four MPPTs and can take up to 2,600 W of PV input. It also has an AC nominal output power of 800 W.