How many watts of solar energy is stored globally

How much solar power does the world have in 2024?

Image: World Bank. The world reached 2.2TW of cumulative installed solar capacity in 2024, with China alone accounting for 1TW of total operating capacity. This is a headline conclusion from the latest report from the International Energy Agency’s Photovoltaic Power Systems Programme (IEA-PVPS), published this week.

What is the contribution of solar energy to global electricity production?

While the contribution of solar energy to global electricity production remains generally low at 3.6%, it has firmly established itself among other renewable energy technologies, comprising nearly 31% of the total installed renewable energy capacity in 2022 (IRENA, 2023).

Is the world''s solar power consumption increasing?

Based on several indicators, the world''s solar power consumption appears to be increasing. 2023 saw significant growth in solar energy, setting a production record at 346 GW. Of total renewable electricity capacity additions of 507 GW, nearly 75% came from solar PV additions.

Which countries use solar power?

Countries like Chile and Australia use solar power for a bigger percentage of their total energy consumption. Solar energy consumption worldwide has accelerated in the last 20 years. China remains a global powerhouse for renewable energy, producing 427.72 terawatt-hours (TWh) of electricity from solar power in 2022.