03 Oct '13, 10am

The #solar boom is growing fast! Global Solar Installation Growth Set to Hit 3-Year High in 2014 #Clea…

Global photovoltaic (PV) installations are forecast to rise at the fastest pace in three years in 2014, exceeding 40 gigawatts (GW) for this first time and generating installation revenue of more than $86 billion, according to IHS. Annual solar installations are predicted to expand at a rate of 18 percent in 2014, reaching 41 GW and firmly marking the end of the solar industry's two-year slowdown. IHS reaffirms its prediction made in early 2013 that installations this year will amount to 35 GW. PV installations in 2014 will rise by 17 percent, according to the quarterly IHS PV Demand Market Tracker. This represents an increase from 15 percent in 2012 and 13 percent in 2013. The year 2014 will bring the highest rate of growth since the 35 percent increase in 2011. Market revenue in 2014 will amount to slightly less than the all-time-high of $89 billion set in 2011. "PV inst...

Full article: http://www.solardaily.com/reports/Global_Solar_Installati...

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