Trends in photovoltaic applications 2026: IEA PVPS report

IEA PVPS has released its latest Trends in Photovoltaic Applications 2026 report, revealing that global cumulative installed PV capacity reached 2.96 TW by the end of 2025, following another year of strong market growth. Around 690 GW of new PV capacity was installed during the year, an increase of 15% compared with 2024. The figures confirm another year of significant PV deployment, although growth was more moderate than during the exceptional expansion of the previous two years.