25 Mar '15, 11am

New global #solar capacity projected to hit 54.5 GW this year

The global solar energy sector is set to install 54.5 GW of new solar capacity in 2015, says a new report from Mercom Capital Group. Although the retrenchment and downward revisions were evident in many key markets last year, much of this can be seen in the light of organizational issues that attend a ramp-up in capacity. Raj Prabhu, CEO and co-founder of Mercom Capital, says the fundamentals of many key solar markets in the world are quite strong. "Last year, China didn't meet its goals, and it has revised its initial estimates by a large margin - almost 2 GW," Prabhu says. "On the one hand, it makes us wonder what the data quality is like. On the other, it suggests that Chinese authorities are not fudging numbers. They are going back and being realistic." Prabhu points out that the fundamentals of China's solar market are more important than administrators struggling to ...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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M_Dijital:

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