The top 10 solar photovoltaic (PV) module makers globally shipped a record 500 GW of modules in 2024, nearly doubling the volume from the previous year, according to a report from Wood Mackenzie. This week sees the publication of the annual ITRPV report, compiled by German engineering association. Global solar PV manufacturing capacity has increasingly moved from Europe, Japan and the United States to China over the last decade. China has invested over USD 50 billion in new PV supply capacity – ten times more than Europe − and created more than 300 000 manufacturing jobs across the solar PV. The adoption of solar energy is growing rapidly worldwide, with cumulative installations amounting to more than 2. 2 terawatts as of the end of 2024. In calendar year 2023, global PV shipments were approximately 564. Compared with the previous year, the total shipment volume of the top ten manufacturers in 2023 was 413 GW, while that of 2024 reached 502 GW. Despite a 22% annual growth rate, sluggish demand and oversupply in 2024 have hindered the momentum for significant annual growth. 9 GW, followed by LONGi, JA Solar, and Trina — the new "F4" giants.