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Total global solar PV capacity forecast 2015-2027

Published by Lucía Fernández, Oct 11, 2023
Global cumulative solar PV (photovoltaic) capacity has presented a trend of continuous growth since 2015. The growth in the solar market represents a shift of global markets towards renewable and distributed energy technologies. Between 2015 and 2022, figures increased by more than 900 gigawatts. Moreover, cumulative solar PV capacity is expected to surpass 3.5 terawatts by 2027, representing an increase of over 2.3 terawatts compared to 2022.

Cumulative installations of solar PV capacity worldwide from 2015 to 2022, with a forecast until 2027 (in gigawatts)

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Release date

2023

Region

Worldwide

Survey time period

2015 to 2027

Supplementary notes

* The figures from 2023 to 2026 are projections representing SolarPower Europe's medium scenario.

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