GITNUX MARKETDATA REPORT 2024

Solar Energy Production Statistics

Solar energy production is steadily increasing worldwide with a growth rate of around 20% per year, playing a significant role in the global renewable energy mix.

With sources from: globalenergymonitor.org, seia.org, pv-magazine.com, eia.gov and many more

Statistic 1

The solar industry in the U.S. continues to grow, with a record 3.8 GW of new solar photovoltaic capacity added in Q2 2021.

Statistic 2

Solar energy provides less than 2% of U.S. electricity as of 2020.

Statistic 3

As of 2021, China has the highest installed solar power capacity with 254 GW.

Statistic 4

The growth rate of solar PV installations in India is estimated to be 18% over the decade from 2021-2031.

Statistic 5

Only 0.7% of Australia's energy production was sourced from solar in 2019.

Statistic 6

Solar energy production in Denmark increased by 33% in 2020.

Statistic 7

Solar power generated 2.7% of the total electricity in the European Union in 2019.

Statistic 8

Electricity production from solar energy in Germany has increased by more than 5 times between 2010 and 2019.

Statistic 9

Worldwide, an estimated 628 GW of solar power was installed in 2020.

Statistic 10

The cost of producing solar energy has fallen over 70% in the last decade, making it competitive with coal and gas.

Statistic 11

In 2020, solar energy was the cheapest source of electricity for two-thirds of the world's population.

Statistic 12

Solar power could supply one third of power in the U.S. South by 2037 if its current growth rate continues.

Statistic 13

Solar power generation in Japan has increased by more than 140 times between 2010 and 2019.

Statistic 14

If the current growth patterns continue, global solar capacity is projected to reach 800 GW by 2023.

Statistic 15

Solar energy's share of total U.S. energy production was 1.8% in 2021, up from 0.1% in 2010.

Statistic 16

Hawaii has the highest percentage of solar energy production in the U.S. at 21.7%.

Statistic 17

Italy produced 23.7 TWh of solar electricity in 2020, covering 8.9% of the country's electricity demand.

Statistic 18

The capacity of solar energy installations in South Africa has increased by 58% annually between 2015 and 2020.

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In the following blog post at https://gitnux.org/solar-energy-production/, we explore a series of key statistics highlighting the impressive growth and impact of solar energy production globally. From the significant increase in solar capacity installations to the declining costs and rising percentages of solar energy in various countries, these statistics shed light on the promising future of solar power as a sustainable and competitive energy source.

Statistic 1

"The solar industry in the U.S. continues to grow, with a record 3.8 GW of new solar photovoltaic capacity added in Q2 2021."

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Statistic 2

"Solar energy provides less than 2% of U.S. electricity as of 2020."

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Statistic 3

"As of 2021, China has the highest installed solar power capacity with 254 GW."

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Statistic 4

"The growth rate of solar PV installations in India is estimated to be 18% over the decade from 2021-2031."

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Statistic 5

"Only 0.7% of Australia's energy production was sourced from solar in 2019."

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Statistic 6

"Solar energy production in Denmark increased by 33% in 2020."

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Statistic 7

"Solar power generated 2.7% of the total electricity in the European Union in 2019."

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Statistic 8

"Electricity production from solar energy in Germany has increased by more than 5 times between 2010 and 2019."

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Statistic 9

"Worldwide, an estimated 628 GW of solar power was installed in 2020."

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Statistic 10

"The cost of producing solar energy has fallen over 70% in the last decade, making it competitive with coal and gas."

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Statistic 11

"In 2020, solar energy was the cheapest source of electricity for two-thirds of the world's population."

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Statistic 12

"Solar power could supply one third of power in the U.S. South by 2037 if its current growth rate continues."

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Statistic 13

"Solar power generation in Japan has increased by more than 140 times between 2010 and 2019."

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Statistic 14

"If the current growth patterns continue, global solar capacity is projected to reach 800 GW by 2023."

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Statistic 15

"Solar energy's share of total U.S. energy production was 1.8% in 2021, up from 0.1% in 2010."

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Statistic 16

"Hawaii has the highest percentage of solar energy production in the U.S. at 21.7%."

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Statistic 17

"Italy produced 23.7 TWh of solar electricity in 2020, covering 8.9% of the country's electricity demand."

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Statistic 18

"The capacity of solar energy installations in South Africa has increased by 58% annually between 2015 and 2020."

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Interpretation

Solar energy production has seen significant growth globally, with various countries making strides in harnessing solar power for electricity generation. The statistics show a clear trend towards increased adoption of solar energy, driven by falling costs and improving technology. While some countries lead the way in solar capacity installations, others are rapidly increasing their solar energy production. The data also highlights the potential for solar energy to become a major contributor to the world's electricity supply in the coming years, as current growth rates suggest a substantial increase in solar capacity. As solar energy becomes more cost-effective and efficient, it is poised to play a significant role in the transition towards cleaner and more sustainable energy sources.

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