2022-05-25
Global solar market outlook 2022-2026
In a year characterised by continuing COVID-19 wavesand economic recovery programmes, as well as anenergy crisis that saw record-high electricity pricesaround the world, many turned to solar solutions fortheir energy needs. In 2021, 167.8 GW of solar capacity was grid-connected globally, a 21% growth over the 139.2 GW added the year before, establishing yet another global annual installation record for the sector. This brings the total operating solar fleet to 940 GW by the end of 2021, with the Terawatt milestone already achieved ahead of the publication of this Outlook in May 2022.