NewEnergyNews: Global Solar Boom To Get Bigger In 2018

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    Thursday, April 19, 2018

    Global Solar Boom To Get Bigger In 2018

    Global Solar PV Installations to Surpass 104 GW in 2018

    April 16, 2018 (GTM Research)

    “The global solar PV market will add over 100 gigawatts of capacity for the first time in 2018…[I]nstallations will reach 104 gigawatts this year, representing 6 percent annual growth…[and] annual installations will easily exceed the 100-gigawatt milestone through at least 2022…The year-over-year growth is due in part to geographic diversification, as the top four markets are anticipated to collectively decline by 7 percent…[According to GTM Research’s Q1 2018 Global Solar Demand Monitor, installations] in China will fall from 53 gigawatts in 2017 to 48 gigawatts in 2018, though China alone will account for 47 percent of global demand this year…In 2018, Latin America and Middle East and Africa will add 5.6 gigawatts and 4.7 gigawatts respectively, representing explosive year over year growth of 61 percent and 281 percent respectively…” click here for more

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