The China Photovoltaic Industry Association (CPIA) outlined three scenarios in January: a conservative case of around 185 GW, a mainstream range of 215 GW to 220 GW, and an optimistic case of up to 275 GW. Its central view points to a year-on-year decline of around 20% to 25%. That would mark a steep drop from the record 315 GW installed last year, underscoring mounting strains in the world's largest solar market China solar installations. . China installed a record 315 GW (AC) of new solar capacity in 2025, lifting cumulative installed PV capacity to 1. 2 TW and pushing non-fossil power sources past thermal generation for the first time. In its latest projections, the China Electricity Council says that, by the end of 2026, wind and solar will account for nearly half of China's power capacity. Including hydro. . China is advancing a nearly 1. 3 terawatt (TW) pipeline of utility-scale solar and wind capacity, leading the global effort in renewable energy buildout. . Last year, a viral drone video from China's Guizhou province revealed an entire mountain range blanketed in solar panels stretching to the horizon.
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Each quarter, new industry data is compiled into this report to provide the most comprehensive, timely analysis of energy storage in the US. All forecasts are from Wood Mackenzie Power & Renewables; ACP does not predict future pricing, costs or deployments. renewables accounted for the majority of capacity growth, driven mainly by strong additions in solar and wind capacity and unprecedented levels of public and private investment. Energy Information Administration (“EIA”), the share of U. electricity generation. . Wind and solar investments in the first half of 2025 fell 18%, to nearly US$35 billion (prior to the enactment of this act), compared to the same period in 2024. Sign up for stock news with our Invested newsletter. 25 Terawatt by 2031, at a CAGR of 19. 91% during the forecast period (2026-2031).
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Global energy storage's record additions in 2023 will be followed by a 27% compound annual growth rate to 2030, with annual additions reaching 110GW/372GWh, or 2. 6 times expected 2023 gigawatt installations. . Three years into the decade of energy storage, deployments are on track to hit 42GW/99GWh, up 34% in gigawatt hours from our previous forecast. Government investments and policies are. . Source: S&P Global Commodity Insights. Multiple provincial targets will likely exceed this. After a historic 2025, when global BESS capacity surpassed 250 GW and overtook pumped hydropower, momentum is set to accelerate in 2026. Key markets are expanding, emerging regions are stepping into the. .
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