# The Future of Solar: Will Global Installations Surpass 1 Terawatt Per Year?
The solar industry has been breaking records year after year, and 2024 was no exception. A new report from BloombergNEF shows that the world installed an astonishing **599 gigawatts (GW) of solar power in 2024**—a 35% increase over 2023. With projections for 2025 at **698 GW**, the big question is: Are we on track to hit **1 terawatt (TW) of solar per year** sooner than expected?
## A Rapidly Growing Solar Market
The growth of solar power has been nothing short of remarkable. Looking at historical trends, installed solar capacity has been doubling roughly every three years. Major industry players project that annual **solar deployments could hit 1 TW by 2026 or even earlier**.
BloombergNEF’s latest projections might seem conservative, considering the industry’s track record of exceeding expectations. Last year’s forecast for 2024’s installations was significantly lower than the actual 599 GW deployed. If this trend continues, **2025’s installations could surpass the current 698 GW estimate**—possibly approaching a groundbreaking 800 GW.
## Why
Original Article: https://pv-magazine-usa.com/2025/03/19/global-solar-installations-could-reach-1-terawatt-next-year/
