30 Jun '15, 5am

GTM Research: Cumulative global PV market will triple by 2020, reach 700 GW

The cumulative global market for solar photovoltaics (PV) is expected to triple by 2020 to almost 700 gigawatts (GW), with annual demand eclipsing 100 GW in 2019, according to GTM Research’s new ”Global PV Demand Outlook 2015–2020: Exploring Risk in Downstream Solar Markets”. Shift from incentives to an unsubsidized market Solar demand will likely be almost entirely market-based in 2020; a dramatic shift from 2012 when almost all demand was premised on direct incentives, the report finds. One implication of an increasingly unsubsidized market is that management and governance of the electric grid will change dramatically, creating both new opportunities and challenges for solar companies. This transformation is already underway with the implementation of market-based mechanisms for PV procurement and solar companies exploring innovations in business model design, GTM Resea...

Full article: http://www.solarserver.com/solar-magazine/solar-news/curr...

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