In this article, with the help of charts and key statistical data, we reveal the latest solar power statistics that demonstrate how the industry has grown so far, and the outlook and potential for the future. . Electricity generation by the U. In our latest Short-Term Energy Outlook (STEO), we expect U. 6% in 2027, when it reaches an annual total of 4,423 BkWh. We will examine several key areas including output, installations, costs, and employment. . According to a 2024 report by the World Bank, off-grid solar has the potential to bring electricity to nearly 400 million people worldwide for the first time by 2030. Global solar photovoltaic capacity has grown from around 40 gigawatts in 2010 to approximately 2. Other sectors contributing to solar energy employment include manufacturing (12. Yet questions remain about the affordability, efficiency, storage capacity, and long-term reliability of solar technology.
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