BloombergNEF reports the world installed nearly 600 GW of solar power in 2024, closely aligning with projections that annual global solar installations will surpass 1 TW within the next few years. Although projections for 2025 currently fall short of that pace, early forecasts often underestimate actual deployment.
Solar dominates project queues through 2028, said data from the Federal Energy Regulatory Commission (FERC).
The demand for specialized skills continues to rise, with an emphasis on engineering, project management, data analytics, and sustainable energy solutions. Job roles such as solar panel installers, energy auditors, and operational support professionals are in demand.
A new report by Primus Partners highlights key regulatory reforms required to accelerate clean energy adoption, stabilize distribution companies (discoms) and boost investor confidence in India’s power sector.
While Indian solar PV exporters may benefit in the short term from China’s reduced access to the US market, they must prepare for potential disruptions, both from Chinese price competition and possible US tariffs on Indian goods, says a new report by Rubix Data Sciences.
As of Feb. 28, 2025, India’s installed solar capacity stands at approximately 102.57 GW, contributing significantly to its renewable energy mix. To meet the 500 GW target, solar energy will need to contribute nearly 300 GW.
For India to achieve its 600 GW clean energy goal, rooftop solar must become a national priority. By learning from global success stories, addressing financial barriers, and implementing robust policies, India can unlock the full potential of decentralised solar energy.
Despite the down year, Wood Mackenzie forecasts the market to more than triple in size by 2035.
PM Surya Ghar: Muft Bijli Yojana (PMSGMBY), the world’s largest domestic rooftop solar initiative, has achieved a historic milestone with 10 lakh homes now solar-powered as of 10th March 2025.
A report from the Global Solar Council says Africa’s solar deployment is set to accelerate in the coming years, but stresses that mobilizing finance and strong regulatory frameworks will be required to attract investors.
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