Solar energy is now the leading driver of renewable energy worldwide. Data released on Tuesday by the International Renewable Energy Agency (IRENA) show that solar accounts for most new installations and nearly half of global renewable capacity.
In 2025, solar capacity reached 2,392 GW, representing 47% of total renewable capacity of 5,149 GW. The sector added 511 GW during the year, accounting for 75% of total additions (692 GW). This puts solar well ahead of wind and other technologies, reinforcing its central role in the expansion of renewable electricity.
Source: IRENA, Renewable capacity highlights, 2025
This expansion is largely due to a sharp decline in equipment and generation costs. The average cost of solar photovoltaic electricity fell from $0.417 per kWh in 2010 to $0.043 per kWh in 2024, according to IRENA.
In 2024, solar power was on average 41% cheaper than fossil fuel alternatives. Its modular nature also supports rapid deployment, with installations ranging from small-scale systems to large utility projects, helping expand access to electricity.
Uneven solar growth
Solar expansion remains concentrated in a few regions. Asia, led by China and India, recorded the largest capacity gains, followed by the United States and Brazil.
Asia has more than doubled its installed solar capacity since 2022. The region added 317.1 GW in 2024 and 371.2 GW in 2025. China alone accounted for 315.1 GW of new capacity, while India added 37 GW. South Korea contributed a further 3.7 GW, IRENA said.
Africa, by contrast, is expanding more slowly. The continent’s solar capacity reached 22,188 MW in 2025, up from 18,375 MW in 2024, but remains marginal globally.
While falling costs have removed a major barrier to deployment, securing sufficient investment remains a challenge for countries undergoing energy transition. This applies to both large-scale projects and decentralized solutions such as mini-grids and solar kits.
Abdoullah Diop
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
West African Development Bank allocates $131.8 million to support cotton sectors in Burkina F...
Zimbabwe plans lithium export quotas, local processing requirements Miners must meet standards, commit to building processing plants Policy...
Kenya tax revenue rises to 2.038 trillion shillings by March Growth driven by reforms, digitalisation, and stronger compliance Collections...
Driven by above-average growth and rapidly expanding demographics, Francophone Africa is emerging as one of the continent’s key economic engines. Yet...
African insurance market seen reaching $166.1 billion by 2034 Growth driven by digitalisation, reforms, and financial inclusion efforts AI,...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...