29 Nov '16, 8pm

.@Mercom forecasts how the global #solar market could shake out this year and next

.@Mercom forecasts how the global #solar market could shake out this year and next

2016 is in on track to be another big year for the global solar market, with Mercom Capital Group forecasting annual worldwide solar installations to total 76 GW – a 48% year-over-year (YOY) increase from 2015. Perhaps even more heartening, though, is that the previously dismal outlook for 2017 has improved. Although the global market remains slated to see a small drop in solar installations next year, Mercom expects the decline to be 8% YOY from 2016 and the market to still install a whopping 70 GW in 2017. In its new report, Mercom suggests both promising forecasts are thanks, in large part, to activity in China. “Global solar demand will overshoot most forecasts made earlier this year due to an unprecedented level of activity in China,” explains Raj Prabhu, CEO and co-founder of Mercom Capital Group, a clean energy communications and consulting firm. “Record installatio...

Full article: http://solarindustrymag.com/how-the-global-solar-market-c...

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