Commodity Market Report

Global solar PV market outlook update: Q2 2024

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Bringing together our regional expertise in the Americas, Europe, Asia Pacific, the Middle East and Africa, this quarterly report examines how key policy, supply chain, finance and other market developments from the past quarter will affect solar PV buildout across all segments in all territories in the next decade. We estimate global solar PV cumulative capacity will reach 6.3 TWdc globally. Our decade global solar installation forecast has increased by 15% compared to our previous update, primarily driven by more upgrades in China and the rest of the APAC region, along with a surge in tender and PPA activity across the globe.

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    Global solar PV market outlook update - Q2 2024_PR.pdf

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