1、Solar power continues tosurge in 2024Analysis of national monthly data for solar capacity additions showsthat the world will-once again-beat forecasts,even thoughexpectations are higher than everPublished date:19th September 2024Author:Euan Graham,Nic Fulghum1Embers analysis of the latest data on mo

2、nthly capacity installationsshows that the world is on track to reach 593 GW of solar installationsby the end of this year.This would once again surpass most industryforecasts,and comes after 2023 showed record growth in solarinstallations of 86%compared to 2022.Countries need to plan ahead tomake t

3、he most of the high levels of solar capacity being built today andensure the continued build-out of capacity in the coming years.The world is on track to add 593GW of solar power this yearEmber estimates that at the current rate of additions,the world will install 593 GW of solarpanels this year.Tha

4、ts 29%more than was installed last year,maintaining strong growtheven after an estimated 87%surge in 2023.In 2024,an estimated 292 GW of solar capacitywas installed by the end of July.2Ember analysed the latest monthly solar capacity data for 15 countries,accounting for 80%of solar installations in

5、2023.Capacity additions in these countries increased by 29%inJanuary to July this year,compared to the same period last year.If this 29%growth ratecontinues until the end of this year,they will install 478 GW.For the remaining countries,this report uses exports of solar panels from China up to July2

6、024 to estimate what will be installed throughout 2024.This analysis suggests that 115 GW(with a range of 81-149 GW)of solar capacity will be installed in the rest of the world in2024.That is a rise of 29%compared to 2023 and reflects high additions from new marketssuch as Pakistan and Saudi Arabia.