In 2023, China led the global solar energy capacity with 78.07 thousand megawatts, followed by Japan and Germany with 42.75 and 41.28 thousand megawatts, respectively. The United States, closely trailing Germany, recorded 40.3 thousand megawatts. Italy, the United Kingdom, India, France, Spain, and Australia followed in descending order. Forecasts for 2024 project continued growth, with China remaining dominant.
Future trends to watch:
- Expansion in the Asian market, with India poised for significant growth.
- Increased investments as technological advancements drive cost reductions.
- European nations intensifying efforts to enhance energy security via renewables.
Top countries in Top Countries by Solar Energy Capacity
| # | 10 Countries | Megawatts | Last Year | |
|---|---|---|---|---|
| 1 | 1 China | 78,070 | 2016 | |
| 2 | 2 Japan | 42,750 | 2016 | |
| 3 | 3 Germany | 41,280 | 2016 | |
| 4 | 4 United States | 40,300 | 2016 | |
| 5 | 5 Italy | 19,280 | 2016 | |
| 6 | 6 United Kingdom | 11,730 | 2016 | |
| 7 | 7 India | 9,010 | 2016 | |
| 8 | 8 France | 7,130 | 2016 | |
| 9 | 9 Spain | 5,490 | 2016 | |
| 10 | 10 Australia | 5,490 | 2016 |
