Global solar market tipped to hit 756GW by 2025, as world's lowest cost solar farm edges forward

James Murray
clock • 2 min read

GlobalData report predicts compound annual growth rate of over 13 per cent for global solar PV market over the next decade

Global solar capacity will almost treble over the next decade, reaching over 271GW of cumulative installed capacity by 2025, according to new research from analysts GlobalData. The company's latest...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Solar

Triodos Bank backs 10MW Essex solar farm with £4.1m loan

Triodos Bank backs 10MW Essex solar farm with £4.1m loan

The ethical bank's financing is designed to enable Fair Play Clean Energy to 'recycle capital into future renewable energy deelopments'

clock 13 August 2026 • 2 min read
'Turning sunshine into cash': Octopus Energy pays out £100m to solar powered households

'Turning sunshine into cash': Octopus Energy pays out £100m to solar powered households

As UK prepares for its fifth heatwave of the year, Octopus Energy claims growing numbers of households are looking to install solar and earn cashback by exporting clean power to the grid

clock 13 August 2026 • 2 min read
Aura Power merges with Verdant Energy to create UK solar and battery storage venture

Aura Power merges with Verdant Energy to create UK solar and battery storage venture

Newly-merged company boasts around 1GW of operating and under construction solar and battery storage assets across the UK

clock 11 August 2026 • 2 min read