16 Apr '18, 1pm

Global Solar PV Installations to Surpass 104GW in 2018

Global Solar PV Installations to Surpass 104GW in 2018

The globalsolar PV market will add over 100 gigawatts of capacity for the first time in 2018 — and there is no looking back. According to the latest Global Solar Demand Monitor from GTM Research, installations will reach 104 gigawatts this year, representing 6 percent annual growth. After that, annual installations will easily exceed the 100-gigawatt milestone through at least 2022. The year-over-year growth is due in part to geographic diversification, as the top four markets are anticipated to collectively decline by 7 percent. Source: Global Solar Demand Monitor, Q1 2018 Installations in China will fall from 53 gigawatts in 2017 to 48 gigawatts in 2018, although China alone will account for 47 percent of global demand this year. For the first time in China’s history, annual distributed solar installations (<20 megawatts) are expected to surpass 50 percent of the nation'...

Full article: https://www.greentechmedia.com/articles/read/global-solar...

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