Photovoltaic Expansion 2025: Regional Solar Growth Slows

Newly installed solar capacity reached 874 MW in 2025, representing a decline of roughly one-third compared to the previous year.

The most significant reduction occurred in ground-mounted solar parks, where newly commissioned capacity dropped by approximately 40%.

Total installed PV capacity now stands at 8.8 GW, while long-term targets envision nearly doubling this figure by 2030.

Economic Pressures on Ground-Mounted Solar Projects

Rising costs for grid connections, financing, and regulatory levies have reduced project profitability. Additional fixed charges based on nominal capacity further increase uncertainty for large-scale solar installations.

Hybrid approaches such as agrivoltaics (Agri-PV) and PV combined with battery storage are being explored to improve economic viability.

Wind and Geothermal Provide Positive Signals

Wind power capacity additions nearly doubled year-on-year, and geothermal projects continue progressing. However, long permitting processes and grid expansion challenges remain critical factors for renewable growth.