21 Aug '17, 2pm

Global Solar Capacity Set to Surpass Nuclear for the First Time

The global solar market has been downgraded for 2017. A worrying sign? Hardly. Even with a 4-gigawatt downward adjustment in projected installations, it's still going to be a record-breaking year for new solar capacity additions -- yet again. The 81 gigawatts expected this year are more than double the amount of solar capacity installed in 2014. And it's 32 times more solar deployed a decade ago. (In the year 2000, global installations totaled 150 megawatts.) Those numbers come from GTM Research's latest edition of the Global Solar Demand Monitor , which closely tracks market-moving and market-dooming developments in countries around the world. One of the most telling statistics: By 2022, global capacity will likely reach 871 gigawatts. That's about 43 gigawatts more than expected cumulative wind installs by that date. And it's more than double today's nuclear capacity. In...

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

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