Global PV market to grow by another 621.7 GW by 2022, SolarPower Europe says

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The European solar industry association, SolarPower Europe has released its outlook for the 2018 global PV market. As the association told pv magazine in early June, new PV additions for this year are expected to reach 102.6 GW, thus enabling the Europan solar market as a whole to improve on last year’s figure of 99.1 GW.

Furthermore, in its Global Market Outlook for Solar Power 2018-2022, the association forecasts that China will not account for more than half of global demand this year, as it did in 2017, and will “only” add 39 GW, as a consequence of the recent changes in policy (read feed-in tariff cut and a quota for DG). Yet, according to the report, 14 countries are on track to install more than 1 GW of  new PV capacity this year – a group that in 2017 was limited to just seven countries.

Read the full article on pv magazine International.

By Emiliano Bellini