대규모 태양광발전소 : 시장 점유율 분석, 업계 동향과 통계, 성장 예측(2026-2031년)

According to Mordor Intelligence, the Utility-Scale solar power plant market size in terms of installed base is projected to be 1.26 Terawatt in 2025, 1.56 Terawatt in 2026, and reach 3.92 Terawatt by 2031, growing at a CAGR of 20.24% from 2026 to 2031.

Global Utility-Scale Solar Power Plant Market Trends and Insights

Utility-Scale Solar Cost Competitiveness Against Fossil Generation

Utility-scale solar power plant market growth continues because solar remains a low-cost source of new electricity in many markets. IRENA reported that more than 90% of utility-scale renewable projects commissioned in 2025 generated power below the cost of the cheapest new fossil fuel alternative in their markets. IRENA placed the global average utility-scale solar PV cost at USD 44/MWh in 2025. This cost position shifts development decisions toward the ability to deliver electricity when the system needs it, rather than simply producing the largest possible volume during daylight hours, and it makes the interaction between solar assets, storage systems, grid constraints, and customer demand increasingly important to project economics. Developers are therefore adding storage and seeking contracts that recognize dependable delivery. Public solar research programs also continue to support further cost reductions and technology improvement.

Corporate PPAs and Hyperscaler Electricity Procurement

Corporate power purchase agreements are creating a clearer demand base for the utility-scale solar power plant market. Data centers need large volumes of electricity and often need long-term supply agreements before construction can proceed. These contracts improve revenue visibility for developers and can help attract project financing, because lenders and investors can assess a known customer, a defined contract term, and a more predictable stream of payments instead of relying on uncertain wholesale market prices throughout the operating life of an asset. The financing model is especially important for solar projects that require transmission upgrades or storage assets. Google and TotalEnergies signed 2 long-term solar agreements totaling 1 GW for Texas data centers in February 2026. The utility-scale solar power plant market benefits when corporate buyers accept longer terms and more direct involvement in project delivery.

Grid Interconnection Queues and Transmission Bottlenecks

Grid access is a major constraint on the utility-scale solar power plant market in North America and parts of Europe. Lawrence Berkeley National Laboratory recorded more than 10,300 U.S. projects seeking interconnection at the end of 2024, representing 1,400 GW of generation capacity. The median time from application to commercial operation had increased from under 2 years for the 2000 to 2007 cohort to more than 4 years for the 2018 to 2024 cohort. Long studies and uncertain upgrade costs increase the capital needed before construction, tying up development budgets for longer periods and making it harder for project sponsors to decide whether a prospective site can deliver enough value after the cost and timing of network upgrades are known. They favor developers that can carry projects through extended approval periods. A peer-reviewed study found that 80% of projects entering U.S. interconnection queues ultimately withdraw.

Other drivers and restraints analyzed in the detailed report include:

1. Solar-Plus-Storage for Firm Renewable Capacity
2. Renewable-Energy Targets and Energy-Security Policies
3. Permitting, Land-Use, and Community-Consent Delays

For complete list of drivers and restraints, kindly check the Table Of Contents.

Segment Analysis

Solar PV accounted for 97.2% of the utility-scale solar power plant market size in 2025 and is projected to expand at a 14.7% CAGR through 2031. Its position reflects lower module costs, established engineering and construction capability, and a supply chain that can support large procurement programs across many countries. Developers can install PV rapidly after they secure land, grid access, equipment, and a power purchase agreement, which makes the technology useful for utilities seeking capacity additions within a defined planning period and gives planners a practical option when demand forecasts indicate the need for material new generation before alternative large power assets can be delivered. China's desert and Gobi projects provide a substantial base for centralized solar PV development and show how land planning can support projects at a very large scale.

PV developers are also responding to a more complex procurement environment, because trade rules and ownership requirements can change the list of module suppliers that qualify for a project, affect the timing of equipment orders, alter the cost of compliant products, and require closer coordination between project developers, suppliers, investors, and offtake counterparties. Bifacial, TOPCon, and back-contact cell products can improve output from available land, which helps developers make better use of sites with different levels of solar irradiation. Projects serving data centers or government-linked buyers may require supply chains that meet Foreign Entity of Concern rules, increasing the value of transparent sourcing and dependable delivery schedules. Concentrated solar power remains a smaller technology, but thermal storage can support generation after sunset without relying on standalone battery systems. China had 2.1 GW of operational CSP capacity by mid-2026 and 3.2 GW under construction across 26 additional projects, while IRENA reported a CSP cost of USD 115/MWh in 2025.

Complete Report Scope:

• By Technology
  • Solar Photovoltaic (PV)
  • Concentrated Solar Power (CSP)
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • United Kingdom
    • Poland
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • South Korea
    • Australia
    • Indonesia
    • Vietnam
    • Thailand
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Chile
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Egypt
    • South Africa
    • Morocco
    • Rest of Middle East and Africa

Geography Analysis

Asia-Pacific accounted for 68.4% of installed capacity in 2025 and remains the largest regional base for the utility-scale solar power plant market. China, India, Japan, South Korea, and Australia combine large electricity systems with active solar development, although their auction rules, grid planning, domestic manufacturing policies, and project approval procedures differ. Global PV capacity passed 3 TW in 2025, and nearly 40 countries installed at least 1 GW for the first time, showing that solar deployment is broadening beyond its longest-established markets. China remains central because large land areas, domestic manufacturing, and state-backed development can support very large projects, while India adds a major auction-driven pipeline and a growing local supply base that supports equipment procurement and construction activity, broadening the region's ability to deploy utility projects through both centralized development zones and competitive procurement processes.

The Middle East and Africa is projected to record a 15.2% CAGR through 2031, the fastest regional rate in the utility-scale solar power plant market. Saudi Arabia's renewable plans create a multi-year requirement for large projects, and state utility offtake, government procurement, and high-irradiance land support scale in the Gulf. African markets are moving from smaller project pipelines toward broader utility activity, although financing terms, transmission networks, developer capability, and the credit quality of electricity buyers vary considerably across countries, meaning that project success often depends on careful contract design, development partners with local experience, and realistic assessment of the grid work needed before commercial operations begin. The opportunity favors companies that combine project development, financing, construction management, local stakeholder engagement, and long-term operations rather than relying on a single development capability. Storage is likely to become more relevant as countries add large solar volumes, seek greater control over when power reaches the grid, and respond to the revenue risk created when daytime generation is plentiful, because solar assets that can shift at least part of their output can better match evening demand, improve their contractual offer, and reduce exposure to periods of weak wholesale pricing.

North America and Europe face mature power systems and a more demanding set of execution constraints within the utility-scale solar power plant market. The U.S. Energy Information Administration reported 43.4 GW of planned utility-scale solar additions in the United States for 2026, with Texas representing 40% of planned capacity and data center demand reinforcing the case for long-term offtake agreements. Interconnection studies, transmission upgrades, and federal land approvals can delay North American projects even after developers secure prospective buyers, equipment, and construction funding. European markets retain policy support for solar, yet merchant revenue can weaken when daytime supply exceeds demand and pushes down wholesale prices, increasing the importance of contracts, storage, and flexible demand. South America offers high solar resource in Brazil and Chile, while transmission limits and country-specific policy risks can restrain project timing and require developers to adopt location-specific grid and offtake strategies.

1. ACWA Power
2. Adani Green Energy Limited
3. Brookfield Renewable Partners L.P.
4. Canadian Solar Inc.
5. China Three Gorges Renewables (Group) Co., Ltd.
6. CHN Energy Investment Group Co., Ltd.
7. EDF Renewables
8. Enel Green Power S.p.A.
9. ENGIE
10. First Solar, Inc.
11. Iberdrola, S.A.
12. JinkoSolar Holding Co., Ltd.
13. Lightsource bp
14. Masdar
15. NextEra Energy, Inc.
16. Repsol, S.A.
17. RWE Renewables Europe and Australia GmbH
18. State Power Investment Corporation Limited
19. TotalEnergies SE
20. Trina Solar Co., Ltd.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

TABLE OF CONTENTS

1 INTRODUCTION

• 1.1 Study Assumptions and Market Definition
• 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET LANDSCAPE

• 4.1 Market Overview
• 4.2 Market Drivers
  • 4.2.1 Utility-Scale Solar Cost Competitiveness Against Fossil Generation
  • 4.2.2 Corporate PPAs and Hyperscaler Electricity Procurement
  • 4.2.3 Solar-Plus-Storage for Firm Renewable Capacity
  • 4.2.4 Renewable-Energy Targets and Energy-Security Policies
  • 4.2.5 Safe-Harbored Project Pipelines Before Incentive Deadlines
  • 4.2.6 Co-Located Solar, Green Hydrogen, and Industrial Loads
• 4.3 Market Restraints
  • 4.3.1 Grid Interconnection Queues and Transmission Bottlenecks
  • 4.3.2 Permitting, Land-Use, and Community-Consent Delays
  • 4.3.3 Trade Restrictions and Foreign-Entity Sourcing Rules
  • 4.3.4 Midday Curtailment, Negative Pricing, and Revenue Cannibalization
• 4.4 Supply-Chain Analysis
• 4.5 Porter's Five Forces Analysis
  • 4.5.1 Bargaining Power of Suppliers
  • 4.5.2 Bargaining Power of Buyers
  • 4.5.3 Threat of New Entrants
  • 4.5.4 Threat of Substitutes
  • 4.5.5 Competitive Rivalry
• 4.6 Technology Outlook
• 4.7 Regulatory Landscape
• 4.8 Investment Analysis

5 MARKET SIZE AND GROWTH FORECASTS

• 5.1 By Technology
  • 5.1.1 Solar Photovoltaic (PV)
  • 5.1.2 Concentrated Solar Power (CSP)
• 5.2 By Geography
  • 5.2.1 North America
    • 5.2.1.1 United States
    • 5.2.1.2 Canada
    • 5.2.1.3 Mexico
  • 5.2.2 Europe
    • 5.2.2.1 Germany
    • 5.2.2.2 France
    • 5.2.2.3 Italy
    • 5.2.2.4 Spain
    • 5.2.2.5 United Kingdom
    • 5.2.2.6 Poland
    • 5.2.2.7 Russia
    • 5.2.2.8 Rest of Europe
  • 5.2.3 Asia-Pacific
    • 5.2.3.1 China
    • 5.2.3.2 India
    • 5.2.3.3 Japan
    • 5.2.3.4 South Korea
    • 5.2.3.5 Australia
    • 5.2.3.6 Indonesia
    • 5.2.3.7 Vietnam
    • 5.2.3.8 Thailand
    • 5.2.3.9 Rest of Asia-Pacific
  • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Chile
    • 5.2.4.4 Rest of South America
  • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 United Arab Emirates
    • 5.2.5.3 Egypt
    • 5.2.5.4 South Africa
    • 5.2.5.5 Morocco
    • 5.2.5.6 Rest of Middle East and Africa

6 COMPETITIVE LANDSCAPE

• 6.1 Market Concentration
• 6.2 Strategic Moves
• 6.3 Market Share Analysis
• 6.4 Company Profiles (includes Global Level Overview, Market Level Overview, Core Segments, Financials as available, Strategic Information, Products and Services, Recent Developments)
  • 6.4.1 ACWA Power
  • 6.4.2 Adani Green Energy Limited
  • 6.4.3 Brookfield Renewable Partners L.P.
  • 6.4.4 Canadian Solar Inc.
  • 6.4.5 China Three Gorges Renewables (Group) Co., Ltd.
  • 6.4.6 CHN Energy Investment Group Co., Ltd.
  • 6.4.7 EDF Renewables
  • 6.4.8 Enel Green Power S.p.A.
  • 6.4.9 ENGIE
  • 6.4.10 First Solar, Inc.
  • 6.4.11 Iberdrola, S.A.
  • 6.4.12 JinkoSolar Holding Co., Ltd.
  • 6.4.13 Lightsource bp
  • 6.4.14 Masdar
  • 6.4.15 NextEra Energy, Inc.
  • 6.4.16 Repsol, S.A.
  • 6.4.17 RWE Renewables Europe and Australia GmbH
  • 6.4.18 State Power Investment Corporation Limited
  • 6.4.19 TotalEnergies SE
  • 6.4.20 Trina Solar Co., Ltd.

7 MARKET OPPORTUNITIES AND FUTURE OUTLOOK

• 7.1 White-Space and Unmet-Need Assessment