30 Nov '16, 3pm

Global Solar Installations To Reach 76 GW In 2016, According To Mercom

Global Solar Installations To Reach 76 GW In 2016, According To Mercom

China outstripped all competitors in 2016, and is expected to finish the year with a phenomenal 30 GW of new solar capacity installed during the year, off the back of a strong first half. China experienced record demand in the first half as developers rushed to complete projects before the country’s feed-in tariff (FiT) cuts set for June were enacted. Unsurprisingly, however, this was followed by a massive slowdown which in turn led to a module oversupply situation and crash in module prices. Solar companies around the world have been affected by the slowdown, causing a number of manufacturers and developers to experience unexpectedly slow third quarters.

Full article: https://cleantechnica.com/2016/11/30/global-solar-install...

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