The pipeline of prospective utility-scale solar and wind capacity grew by a fifth last year, but the world's richest countries account for only a fraction of new construction, according to a new report from Global Energy Monitor (GEM). . Electricity generation by the U. In our latest Short-Term Energy Outlook (STEO), we expect U. 6% in 2027, when it reaches an annual total of 4,423 BkWh. 2 TW dc • China continued to dominate the global market, representing ~60% of 2024 installs, up 52% y/y. 4 GW in 2025, representing $10 billion in domestic investment • Battery storage achieves record Q1 installations, surpassing 30 GW total capacity and strengthening grid reliability for growing power demands • Project pipeline climbs to record levels, signaling. . Prospective utility-scale solar and wind capacity grew by over 20% in 2024 from 3. 4 TW, roughly equivalent to adding electricity from 400 large coal plants. Yet just 10% of these projects are being built by the Group of 7 (G7), despite these rich countries owning nearly half. . As of February 2025, China was by far the country with the largest prospective capacity for utility-scale solar power plants. At that time, the country had some Log in or register to access precise data.
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