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In 2024, Hungary was the leading country in solar energy penetration, with solar power accounting for almost ** percent of the country's electricity mix that year. Luxembourg followed with a share of solar of more than ** percent. On average, the share of electricity generation from solar energy worldwide was roughly *** percent in 2024. In comparison with the previous year, figures increased by more than *** percentage point. 

Solar energy generation worldwide

In total, solar energy production reached *** petawatt hours in 2023, increasing by some *** gigawatt hours when compared to the previous year. Solar energy production was the highest in China, which generated over *** terawatt hours of solar power in 2024. The United States was the country with the second-highest solar energy production that year, with some *** terawatt hours generated. 

China’s solar photovoltaic industry

Aside for being the largest solar energy producer worldwide, China accounts for the largest production of solar energy components. In 2023, the country was responsible for almost ** percent of the world's solar photovoltaic module production. Most of the largest solar component manufacturers worldwide are based in China. For instance, photovoltaic company LONGi was the leading solar ingot and wafer manufacturer worldwide, reaching a production output of *** gigawatts in 2023.