Solar Energy, Vector of Development

Solar power has surpassed wind power over the past five years in terms of global capacity additions.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

Solar power has surpassed wind power over the past five years in terms of global capacity additions. Thus, the increase amounts to more than 200% of the world production from 2016 to 2021. For its part, the wind production during the same period amounts to 93.5%.

Dichotomy between resource and production

Solar energy owes its growth to five major producing countries, which have long been invested in the development of this energy. China, the United States, Japan, India and Germany together will generate 67.4% of all solar energy in 2021. The five countries have been among the largest developers of solar energy for decades.

However, when measuring the potential for photovoltaic power, there is a problem. Three of these countries are not in the top 100 of suitable solar locations. Thus, most of the world’s solar production comes from countries that are not well adapted to solar energy technology.

According to the World Bank’s Solar Atlas, the most promising areas for solar energy production are in Africa. The Middle East is also a promising region for this energy. Both regions enjoy sunny conditions all year round.

The example of Egypt

In contrast, the overwhelming majority of existing solar power generation capacity is located in countries with intermittent sunlight. Thus, these regions do not enjoy advantageous sunshine conditions due to cloudier conditions. In addition, the reduction of daylight hours in winter also plays a role.

This time lag provides an opportunity for development agencies and power producers to assist non-emitting solar. Thus, development agencies and power producers could help make greater inroads into solar energy. In addition, there is increasing global pressure to limit collective emissions.

In addition to abundant sunshine, many countries with high photovoltaic potential are also home to rapidly growing economies. Thus, they generate rapidly increasing pollution levels. Egypt, the fourth country on the scale of photovoltaic potential, ranks 30th in terms of global solar capacity.

Reconciling growth and decarbonization

The Egyptian economy is set to grow by more than 5% in 2022. In addition, its population of 110 million is seeking greater mobility and opportunity. Thus, between 2016 and 2021, the country increases its renewable energy production by about 300%.

However, Egypt is still 90% dependent on fossil fuels for nearly 90% of its electricity. Thus, this dependence is accompanied by a significant carbon footprint. It would amount to 267.1 million tons of carbon dioxide in 2021, the second largest in Africa.

If Egypt maintains this trajectory, emissions would exceed 300 million tons of carbon dioxide by the year 2030. However, if the country can maximize its potential in solar energy, it could become a leader in this energy. In this way, Egypt could demonstrate how favorable policies can accelerate decarbonization efforts, without sacrificing economic growth.

Egypt hosts COP27

Other North African nations have a growth potential profile comparable to Egypt’s in terms of sunshine. Moreover, these countries are also growing rapidly. Thus, countries such as Algeria, Morocco or Tunisia are similar to Egypt in these two areas.

Middle Eastern countries, including Jordan, Saudi Arabia and Oman, also have high photovoltaic potential. Governments in these countries have the opportunity to invest more to support the transition of national energy systems. However, Egypt is leading the way in exploiting this opportunity in solar energy.

Egypt will host the next United Nations Climate Change Conference in November. The conference will be held in the Sharm el-Sheikh hotel which has a solar power plant on its roof, demonstrating the commitment of the country. In this way, the facility is helping to redefine the map of solar-related installations.

Voltalia has launched electricity production at Sarimay Solar, a 126-megawatt solar plant in Uzbekistan, marking a key milestone in the deployment of new photovoltaic capacity in the country.
rPlus Energies has completed the acquisition of two solar and storage projects totalling 900 MW in Ada County, reinforcing its position as a key energy player in the western United States.
Sattel International receives a licence to develop a six MWp solar power plant with storage in Luozi, a project aimed at strengthening electricity supply and supporting economic activities in this area of Kongo-Central.
South African developer Sturdee Energy has secured funding to begin construction of the 91.2 MW Bela Bela solar plant in Limpopo Province, set to supply power to a major industrial site.
ReNew Energy Global will commit INR820bn ($9.33bn) to solar, hydro and green ammonia projects in Andhra Pradesh, strengthening its footprint in southern India’s energy infrastructure.
US-based mPower has opened a high-throughput factory for solar modules targeting space missions, with an initial capacity of 1 MW per year, set to double by mid-2026.
Turbo Energy launches a pilot project in Spain to tokenize hybrid solar installations financing, leveraging Stellar and Taurus blockchain technology to access a $145.18bn EaaS market by 2030.
Mizuho Lease initiates a takeover bid for Japan Infrastructure Fund, targeting its delisting and a strengthened partnership with Marubeni in solar asset management.
A joint research team in China has developed an innovative molecular strategy to enhance thermal stability and efficiency of perovskite solar cells, paving the way for large-scale production.
DMEGC Solar received TÜV SÜD certification for its Infinity G12RT-B66 photovoltaic module series, reaching a peak output of 655 W, with mass production scheduled for the first quarter of 2026.
TotalEnergies has signed a 15-year renewable power agreement with Google to supply its data centres in Ohio through a solar plant connected to the PJM grid.
Statkraft strengthens its presence in Brazil with three new solar and hybrid plants representing an investment of NOK2.3bn ($211mn), consolidating its strategy in a fast-growing energy market.
The delay rate for large-scale photovoltaic projects in the United States fell to 20% in Q3 2025, down from 25% a year earlier, despite record growth in installed capacity in 2024.
Evolution III fund of Inspired Evolution invests alongside FMO and Swedfund to accelerate regional growth of Sedgeley Solar Group, active in solar installations for commercial and industrial sectors.
British company Naked Energy is accelerating its international expansion with a new office in Madrid to deploy its solar thermal technology in the industrially promising Iberian market.
Tata Power is preparing a 10 GW ingot and wafer facility to consolidate its domestic solar chain, secure supplies, and capture PLI incentives ahead of 2026 local content mandates.
ACEN Australia’s Stubbo Solar project becomes the first solar asset to operate under an LTESA contract, strengthening its role in New South Wales’ energy transformation.
The Japanese oyster producer is investing in both resale and construction of photovoltaic plants, evenly splitting resources to consolidate its GO Store subsidiary's position in the domestic solar market.
Fortescue launches a solar innovation hub in the Pilbara with AUD45mn ($28.9mn) in public funding to test technologies aimed at accelerating and optimising large-scale solar farm construction.
The Philippine Department of Energy validated over 10 GW of renewable projects, including floating solar and hybrid systems, in the fourth round of its national green auction programme.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.