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Solar installed capacity 2022
(Image by David Mark on Pixabay)

Solar installed capacity 2022

Solar is a major form of renewable power generation, and while the growth in installed capacity is not where it needs to be, solar has not slowed down as much as some commentators feared.

Summary: As the world rebounded from the COVID19 pandemic concerns about GHG emissions from increased activity abounded. However despite growth in emissions from some fossil fuel power generation, the growth in renewables has largely offset. Solar is a major form of renewable power generation, and while the growth in installed capacity is not where it needs to be, solar has not slowed down as much as some commentators feared.

Why this is important: While all renewables are important, solar is especially so. Its likely to be the renewable technology of choice across much of the world, especially in the tropics - mostly because of its low cost. Yes, it cannot carry the load on its own. In many countries wind will be important, either as a complementary source, or in the higher latitudes, as the core technology. But, its clear, if solar falters the whole renewable shift is at risk.

The big theme: The global energy crisis, combined with the push to net zero, is leading to an acceleration of renewables installations. It is expected that together wind and solar will make up c. 95% of global renewable capacity additions over the next 5 years, with solar contributing an increasing share. By 2030, the two combined could contribute 30% of total generation, up from only just over 10% now. This acceleration in renewable installations is going to bring challenges, in supply chains, in (massive) grid investment, and potentially, in the dependence this exposes on China. These are all nice challenges to have, but one we need to be honest about and start to solve.



The details


As the world rebounded from the COVID19 pandemic concerns about GHG emissions from increased activity abounded. However despite growth in emissions from some fossil fuel power generation, the growth in renewables has largely offset. Solar is a major form of renewable power generation.

In this quick insight we take a look at what we know about 2022 installed solar capacity for selected countries.

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