The capacity utilization factor (CUF) of a solar power plant is calculated by dividing the actual energy generated by the plant over a given time period, by the maximum possible energy that could have been generated at the plant’s rated capacity over that same time period. It is calculated using the following formula: Where:
In 2024, global cumulative PV capacity reached over 2.2 TW, with China alone surpassing 1 TW. At least 554 GW of new PV systems were commissioned in 2024, possibly reaching 601.9 GW. China installed up to 357.3 GW, accounting for almost 60% of new global capacity.
China has more utility-scale solar than any other country. The 277 GW of utility-scale solar capacity installed in China in 2024 alone is more than twice as much as the 121 GW of utility-scale solar capacity installed in the United States at the end of 2024.
PV supplied more than 10% of global electricity consumption for the first time, cementing its position as a central pillar of the global energy transition. In 2024, global cumulative PV capacity reached over 2.2 TW, with China alone surpassing 1 TW. At least 554 GW of new PV systems were commissioned in 2024, possibly reaching 601.9 GW.
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Note: NEA considers utility-scale solar to include projects of at least six megawatts of installed alternating current capacity. Utility-scale solar power capacity in China reached …
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Official statistics by year of solar electricity installed capacity (GW). The values are presented in tables and charts with calculations of changes and shares, and with extensive analytical …
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The global installed solar capacity over the past ten years and the contributions of the top fourteen countries are depicted in Table 1, Table 2 (IRENA, 2023). Table 1 shows a …
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