NewEnergyNews: Global Solar Growth Slowing

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    Friday, August 10, 2018

    Global Solar Growth Slowing

    Global Solar Demand Monitor: Q2 2018

    Benjamin Attia, Manan Parikh, Rishab Shrestha, Tom Heggarty, August 2018 (GTM Research)

    “June’s announced policy change by the National Energy Administration in China, terminating any approvals for new subsidized utility-scale PV power stations in 2018…[is expected to reduce China’s 2018 PV demand] from 48.2 GW to 28.8 GW...[and its demand through 2022 from 206 GW to] 141 GW…Q3 2018’s 85.2 GW of global demand will be] the lowest quarterly level of global PV demand since 2015…Asia will continue to account for at least 50% of the global annual install through 2020…

    …[North American and European installs will remain relatively stable, averaging 16% and 12% [of global demand], respectively, through 2023…The Middle East will triple its share of global installed capacity from 3% in 2018 to 9% in 2023…[led] by Saudi Arabia and the UAE..Latin America will account for an average of 7% of global installs through 2023…[led by Mexico, Brazil and Chile…” click here for more

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