2024 marks a historic milestone in the global energy transition. According to the latest Global Electricity Review by Ember, the world has surpassed 40% clean electricity generation — the highest share ever recorded. This achievement reflects a growing commitment to renewable energy and a significant shift away from fossil fuels, despite global energy demand continuing to rise.

While fossil fuels — coal, gas and other fossils — still account for over half of the world’s electricity generation, their dominance is gradually eroding. In 2024, the share of fossil fuels fell to 59.1%, down from 64.6% in 2023 — a drop of 5.5 percentage points within a year.

Solar Power: The Fastest Growing Energy Source

Solar energy continues to be the world’s fastest-growing source of electricity. In 2024, global solar generation increased by a record-breaking 23.2% year-on-year, reaching 2,089 terawatt-hours (TWh).

Perhaps even more impressively, global installed solar capacity reached 2 TW — just two years after reaching its first TW milestone in 2022. This explosive growth highlights solar’s rapid scalability, cost competitiveness, and crucial role in reducing global carbon emissions. The global shift to renewable energy is powered by multiple factors:

• Falling costs of solar and wind technologies

• Strong government policies and renewable energy targets

• Energy security concerns driving domestic renewable energy investment

• Growing demand for clean electricity

Countries and regions across the world are scaling their renewable capacity to meet climate goals and energy security targets. Rooftop solar, large-scale PV farms, energy storage, and grid modernization are becoming key pillars of the clean energy roadmap.

About AESOLAR

As a leading German solar manufacturer, AESOLAR is committed to accelerating the clean energy transition through innovative solar technologies and sustainable energy solutions. Our product portfolio includes high-performance PV modules like, solar carport solutions, agri-solar solutions, highspeed way fencing solar solution, BIPV applications, and PV modules special for utility, C&I and residential— empowering clean energy generation worldwide.

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