23 Sep '15, 12am

Mercom stands firm on 57.4GW global forecast for solar in 2015

China is expected to install 17GW worth of projects in 2015, while Germany is only slated to install 1.4GW. Image: Mercom Mercom predicts a global forecast of 57.4GW of installed PV systems in 2015. Image: Mercom Clean energy communications and consulting firm Mercom Capital Group is holding firm on its projection of 57.4GW of global installations in 2015 — standing as a growth of 25-30% when compared to other years. Raj Prabhu, CEO and co-founder of Mercom Capital Group, said: Despite deteriorating macro-economic conditions in China and the recent downtrend in solar stocks, the market is on pace to reach about 57 GW this year.” Since Mercom’s last update, China has released its first half installation numbers, which displayed 7.73GW of installed PV — higher than 3GW installed last year during the same timeframe. Mercom reports that China is expected to produce 17GW of ins...

Full article: http://www.pv-tech.org/news/mercom_stands_firm_on_57.4gw_...

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