The capacity installed in each individual country listed ranges from a few dozens to dozens of thousands of megawatts. Starting from 2015, China has been ranking first in the race permanently. Its cumulative installed solar PV capacity is close to that of USA and all the countries of European Union taken together.
Not long ago, the top five countries with the fastest growing PV power generation installed capacity in 2023 was released. Unsurprisingly, China still ranks first with a huge advantage, while the United States ranks second, with newly installed capacity reaching 33GW throughout the year.
The United States conducted much early research in photovoltaics and concentrated solar power and is among the top countries in the world in deploying the technology, being home to 4 of the 10 largest utility-scale photovoltaic power stations in the world as of 2017.
Germany is among the top-4 ranked countries in terms of installed photovoltaic solar capacity. The overall capacity has reached 42.98 gigawatts (GW) by the end of 2017. Photovoltaics contribute almost 6% to the national electricity demands. Germany has seen an outstanding period of photovoltaic installations from 2010 until 2012.
Spain deployed about 350 MW (+18%) of concentrated solar power (CSP) in 2013, and remains a worldwide leader of this technology. European countries still account for about 60 percent of worldwide deployed capacity of solar power in 2013. Austria had 421.7 MW of photovoltaics at the end of 2012, 234.5 MW of which was installed that year.
Solar photovoltaics is set to be the number one technology deployed across the globe for energy production, increasing the world’s installed capacity by 75% through 2027, adding 2,400 GW over the period, said the International Energy Agency (IEA).
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Armenia due its geographical and climate properties is well-suited for the solar energy utilization. According to the Ministry of Energy Infrastructure and Natural Resources of Armenia the country is capable of producing 1850 kWh/m per year. For comparison European countries are capable of around 1000 kWh/m per year on average. Two main panel types utilized in Armenia are the photovoltaic