Solar to Become World’s Largest Power Source by 2032: Report

Energy transition investment must more than double by 2030 to align with the net-zero pathway

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Annual solar installations rose nearly ninefold from 75 GW in 2016 to 655 GW in 2025, with solar expected to become the largest zero-carbon power source by the end of this decade before overtaking all other generation sources by 2032. The findings are part of BloombergNEF’s New Energy Outlook 2026.

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