Technical FAQs 4

What are NREL's quarterly solar industry updates?

NREL's quarterly solar industry updates provide information on trends within the solar industry. These quarterly updates cover an array of photovoltaic module and system technologies as well as energy storage and concentrating solar power. The quarterly solar industry updates often cover: Updates on related government programs and policies.

What are the quarterly solar industry updates?

The quarterly solar industry updates often cover: Updates on related government programs and policies. An Updated Life Cycle Assessment of Utility-Scale Solar Photovoltaic Systems Installed in the United States, NREL Technical Report (2024) Energy and Carbon Payback Times for Modern U.S. Utility Photovoltaic Systems, NREL Fact Sheet (2024)

Will the global solar PV market grow in 2025?

Despite these headwinds, the global solar PV market is still expected to grow by 10% in 2025, reaching 655 GW under the Medium Scenario (see Fig. 4). This would mark a continuation of the deceleration trend following the extraordinary 85% growth in 2023 and the more moderate 33% in 2024.

How many solar modules are being sold at SNEC 2025?

Solar manufacturers signed an estimated 15 GW of module sales and supply deals at SNEC 2025 PV Expo in Shanghai last week. Major contracts included JinkoSolar’s 1.75 GW order for Saudi Arabia’s SPPC project and JA Solar’s 2 GW agreement to support solar manufacturing in India.

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