While the total electricity generation capacity increased by 14.5 percent on an annual basis and reached 3.19 TW, solar energy capacity with a growth of 48 percent increased to 790 GW. In the same period wind energy An increase of 20.3 percent was recorded in its capacity and the total capacity 490 GWHe went up to . This year, it is predicted that 590 GW of solar energy will be installed worldwide.
China Energy Engineering Corp. (CEEC) signed three important agreements during the COP29 summit that will accelerate solar projects internationally. In cooperation with Samruk Energy, China will establish a 300 MW solar power plant and a 90 MW/360 MWh capacity storage system in Turkestan, Kazakhstan. The project is planned to start construction at the end of 2025. In addition, contracts were signed for power plants with a capacity of 131 MW in Georgia and 160 MW in Azerbaijan.
JinkoSolar announced that it will supply n-type TOPCon modules with a capacity of 1.8 GW for the Al Ajban PV3 project to be built in the United Arab Emirates. Additionally, Sineng Electric will provide inverter systems for the fourth phase solar projects of Saudi Arabia’s Public Investment Fund (PIF). Inverters with a total capacity of 2.6 GW will be installed in the Haden and Al-Khushaybi projects.
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