That’s going to be nearly $100 billion in solar installed this year, and more than $120 billion in 2025. 80% of this capacity will be utility scale facilities.

The new capacity turn on in 2024 will offset roughly 1.3% of all electricity demand in 2025, with all solar meeting 8.3% of national electricity demand.

The 65 GW of capacity could cover 1.6% of all electricity demand, pushing solar to 9.9% of 2025 electricity. At this point wind and solar will be nearing a quarter of all electricity.


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