EIA projects that PV's growth in 2023 (27 GWac) and 2024 (36 GWac) will continue in 2025 (39 GWac) and remain at similar levels in 2026 (36 GWac). In 2024, 24 states and territories generated more than 5% of their electricity from solar, with California leading the way at 32.
Effective April 1, 2026, China will cancel the VAT export tax rebate for photovoltaic products, prompting manufacturers like JinkoSolar and LONGi to raise module prices by 15-50%.
IEA PVPS has released its latest Trends in Photovoltaic Applications 2025 report, revealing that the world's cumulative installed PV capacity surpassed 2 260 GW by the end of 2024, marking a 29% year-on-year increase.
In 2024, they exported into an average of 4. This was partly the result of more exporters selling into the EU and the UK, following the completion of New Zealand's Free Trade Agreements with those economies.
Imagine solar panels that actively follow the sun like sunflowers - that's exactly what automatic light-chasing technology delivers. By adjusting panel angles throughout the day, these systems boost energy output by 25-40% compared to fixed installations.
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