2025 has been a challenging year for renewables. The new tax law, commonly referred to as the One Big Beautiful Bill Act, rolled back many clean energy tax credits and imposed new restrictions,
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Solar PV investments track fairly closely with the capacity installed, whereas investments for many other renewable technologies, such as offshore wind power, geothermal and hydropower installations,
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The power sector accounts for most of the investments in renewable technologies, while end-use sectors, including renewable heat generation, contribute to a much smaller share.
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Each quarter, the National Renewable Energy Laboratory conducts the Quarterly Solar Industry Update, a presentation of technical trends within the solar industry.
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Power sector investment in solar photovoltaic (PV) technology is projected to exceed USD 500 billion in 2024, surpassing all other generation sources combined. Though growth may moderate slightly in
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• The United States, despite being a leading PV market, is below the global average of other leading markets in terms of PV generation as a percentage of total country electricity
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Photovoltaic (PV) solar accounted for 56% of all new electricity-generating capacity additions in the first half of 2025, remaining the dominant form of new electricity-generating capacity
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Electricity generation by the U.S. electric power sector totaled about 4,260 billion kilowatthours (BkWh) in 2025. In our latest Short-Term Energy Outlook (STEO), we expect U.S.
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In the months following the passage of the One Big Beautiful Bill Act (OBBBA), the solar industry has been adapting to new and not fully settled policy. Several uncertainties still hang over
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96% of renewable energy investments went to the power sector, continuing a long-term trend. Global investment in solar PV hit a record with USD 554 billion in 2024, up by 49%.
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