Driven by declining module costs, solar was by far the world’s leading power-generating technology installed in 2019, making up 45% of new capacity.
That is according to a new report from BloombergNEF (BNEF), which revealed a record 118GW of new PV was constructed last year, with the technology the most popular choice in a third of countries, including the US, India and Australia. In all, 81 countries built at least 1MW of solar in 2019.
The report highlights the gains solar has made in the last decade, rising from just 43.7GW of total capacity installed in 2010 to 651GW as of year-end 2019.
