This statistic shows the levels of photovoltaic energy penetration in electricity consumption worldwide as of 2018, by selected country. According to data, Italy ranked first, with 9.2 percent of final electricity consumption being covered by PV power. Germany followed with a penetration rate of 8.4 percent.
Consistent assistance across all PV sectors will be crucial to achieve an annual increase in solar PV capacity of approximately 800 GW, ultimately reaching a total installed capacity of over 6,000 GW by 2030 as envisioned in the NZE scenario.
The report assesses the current state of play of distributed solar PV and maps out its huge growth potential in the coming years. Renewable power capacity is set to expand by 50% between 2019 and 2024, led by solar PV. This increase of 1 200 GW is equivalent to the total installed power capacity of the United States today.
This rule could affect 11–17 GW of projects and is expected to cause an increase in deployment in 2019 and 2020. Solar Power Europe“Global Market Outlook For Solar Power / 2019 –2023;” BNEF, “1H 2019 Japan Market Outlook.” April 2019. In India, most PV capacity is installed through a competitively bid auction for large-scale systems.
Two recently announced tenders are expected to increase commercial solar PV capacity by at least 80 MW during 2021 and 2022. From 2023 to 2025, PV growth will be driven by new tenders with a total potential capacity of 8.8 GW.
The United States installed 10.7 GW-DC of PV in 2018 (8.3 GW-AC), with 4.2 GW-DC coming in Q4—cumulative capacity reached 62.5 GW-DC (49.7 GW-AC). Analysts also expect U.S. PV capacity to double by 2022. In 2018, global PV shipments were approximately 89 GW—a decrease of 5% from 2017.