20 Dec '16, 12pm

via @pv_tech IHS Markit forecasts 77GW solar this year

Solar deployment will reach 77GW this year, and will grow to 79GW in 2017, according to the latest report from analyst firm IHS Markit. This means 2016 will be the tenth consecutive year of growth in the PV industry and this is expected to be driven by strong demand from China in the wake of proposed Feed-in Tariff (FiT) cuts since September. The 77GW in 2016 marks a 34% year-on-year growth rate, up from 32% year-on-year growth in 2015. This is the first time since the 2010-2011 period that solar has grown by more than 30% for two years in a row. While IHS Markit expects further growth in 2017, it will be only at a rate of 3% as the world’s two largest markets, China and the US, experience a slowdown. Two years of this tempered growth will be followed by a stronger market recovery in 2019. Credit: IHS Just this week China released its latest five-year plan endorsing a lowe...

Full article: http://www.pv-tech.org/news/ihs-markit-forecasts-77gw-sol...

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