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More than 50 GW of new solar projected in 2024
The U.S. Energy Information Administration (EIA) forecasts the deployment of 45 GWdc in utility-scale solar projects larger than one megawatt in 2024. This is projected increase to about 53 GWdc in 2025, according to the agency’s Short-Term Energy Outlook (STEO).

Projected figures for 2025 suggest a potential total deployment of 65 GW of solar power.

According to EIA, utility-scale solar is expected to constitute 6% of the total electricity generation in 2024 and 7% in 2025. Small scale solar generation is anticipated to contribute 2% to the total electricity generation in 2024, increasing to 2.3% in 2025. This suggests that solar power could represent 8% of the total electricity used in 2024 and 9.3% in 2025. If the deployment reaches about 65GW in 2025, solar power could account for nearly 11% of all electricity generation in 2026.

With electricity generation set to increase in 2024 by 3%, along with coal falling 9% and gas staying flat, it means that solar is both replacing the decline in coal, as well, covering the growth of 3%.

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