About Photovoltaic module exports in the first quarter of 2025
InfoLink’s customs data shows that China exported 22.26 GW of modules in January 2025, up 2% YoY from 21.91 GW. However, exports in February dropped to 16.26 GW, down 23% YoY from 21.19 GW. China's total module exports in January and February reached 38.52 GW, down 11% YoY from 43.11 GW.
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6 FAQs about [Photovoltaic module exports in the first quarter of 2025]
How many new PV systems were installed in 2024?
At least 554 GW of new PV systems were commissioned in 2024, possibly reaching 601.9 GW. China installed up to 357.3 GW, accounting for almost 60% of new global capacity. Outside China, 244.6 GW were added, led by the European Union (62.6 GW), USA (47.1 GW), and India (31.9 GW).
What happened to photovoltaic capacity in 2024?
In 2024, global photovoltaic capacity rose to more than 2.2 TW, up from 1.6 TW in 2023, with over 600 GW of new PV systems commissioned. This marks another record year for PV deployment, despite continued overcapacity in manufacturing and falling module prices that placed pressure on the entire value chain.
How many solar panels were installed in 2024?
In 2024, global cumulative PV capacity reached over 2.2 TW, with China alone surpassing 1 TW. At least 554 GW of new PV systems were commissioned in 2024, possibly reaching 601.9 GW. China installed up to 357.3 GW, accounting for almost 60% of new global capacity.
How are future photovoltaic modules priced?
Based on market scenarios, future prices for photovoltaic modules are estimated to follow the photovoltaic learning curve, where the price per module falls by roughly 20 percent with each duplication in the total number of modules produced.
Which countries installed the most solar power in 2024?
Pakistan emerged as a key market with an estimated 17 GW, while Brazil installed 14.3 GW. 34 countries installed more than 1 GW of new capacity in 2024; 23 countries now exceed 10 GW in total installed capacity. Utility-scale PV led global installations, but distributed PV remained strong in key markets including Germany, Türkiye, and Brazil.
How many GW of solar power are there in 2024?
PV supplied more than 10% of global electricity consumption for the first time, cementing its position as a central pillar of the global energy transition. In 2024, global cumulative PV capacity reached over 2.2 TW, with China alone surpassing 1 TW. At least 554 GW of new PV systems were commissioned in 2024, possibly reaching 601.9 GW.