30 Nov '16, 2am

Mercom forecasts 76GW in global PV installations in 2016

Mercom forecasts 76GW in global PV installations in 2016

Mercom expects 70GW in solar installations in 2017. Image: Mercom Global clean energy communications and consulting firm Mercom expects global solar installations to reach 76GW in 2016, according to a new report. Raj Prabhu, CEO and co-founder of Mercom Capital Group, said: “Global solar demand will overshoot most forecasts made earlier this year due to an unprecedented level of activity in China. Record installations in China followed by a slowdown resulted in an oversupply situation, which led to a module price crash. Low module prices are helping demand recovery going into 2017.” Despite an expected slowdown, global solar demand outlook has improved for 2017, as drops in costly module prices have led to a rebound in China in anticipation of the next round of tariff cuts. Mercom notes in its report that solar installations are expected to hit 70GW. After installing 15.1G...

Full article: http://www.pv-tech.org/news/mercom-forecasts-76gw-in-glob...

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