The world is accelerating the use of renewable energy at an unprecedented speed and solar power is one of the leading energy sources.
Despite a 4.5% decline in global energy demand in 2020, renewable energy technologies still show their potential development paces. In the last year, more than 127 gigawatts (GW) - or 127,000 million watts (W) of solar energy has been installed - the highest year-on-year increase ever in the world.
Currently, China is the leading country in solar installed capacity in the world at 254,355MW, accounting for 35.6% of the global total, followed by the US with 75,572MW, accounting for 10.6% of the world. The per capita solar capacity of China and the US is 147 and 237 Watt/person, respectively. (1 Megawatt = 1 million Watt).
Vietnam is currently ranked 8th in the top 10 for the largest installed solar capacity in the world with 16,504MW, accounting for 2.3% globally. The capacity per capita in Vietnam is 60W/person.
The remaining countries rank in the top 10 include: Japan (9.4%), Germany (7.5%), India (5.5%), Italy (3%), Australia (2.5%), Korea (2%) and Spain (2%).
