WORLD SOLAR TO KEEP GROWING

Solar PV Industry Targets 100 GW Annual Deployment in 2018…300 GW of new solar PV to be installed in the next five years, as solar increases to 3% of total global power supply

March 20, 2014 (SolarBuzz)

“The solar photovoltaic (PV) industry is set for rapid growth over the next five years, with up to 100 gigawatts (GW) annual deployment being targeted in 2018, according to [SolarBuzz]…This end-market growth is projected to increase annual PV module revenues, which are forecast to reach $50 billion in 2018…Despite being severely hampered by overcapacity and declining operating margins during 2012 and 2013, the PV industry still grew 34% over this two-year period. Having grown to more than 37 GW of end-market demand in 2013, the global solar PV industry is now set to hit a new milestone in 2018, reaching a cumulative installed capacity level of 500 GW. This strong demand will also further stimulate revenues for the industry’s manufacturers, with PV module revenues of more than $200 billion available over the five-year period from 2014 to 2018…” click here for more

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