European Solar Generation to Rise 50 TWh in 2024, Rystad Energy Says
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Solar power generation in Europe will increase by about 50 TWh (terrawatt-hour) in 2024, more than any other generation source, after the record 60 GW DC of photovoltaic (PV) installations in 2023, Rystad Energy said on Monday.
The solar expansion is led by Germany, which last year added 14-GW DC, including 6.5 GW DC of rooftop PV systems for residential use. According to Rystad Energy, solar will lead growth for the first time in 2024 both in terms of capacity and generation.
Wind power generation is also projected to increase in 2024 but it will fail to reach last year's rise by 50 TWh which was achieved on the back of capacity additions and a windier year, especially in the final quarter.
In 2024, wind generation is expected to increase by 38 TWh.
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