By the end of 2016, cumulative global installed photovoltaic (PV) installations will surpass 310 gigawatts (GW), compared to just 40 GW at the end of 2010, according to IHS.
Five countries account for 70% of this capacity; China, the United States, Japan, Germany and Italy. With annual installations stalling, IHS claims that Germany will fall from the second-largest installed base for PV to the fourth largest, surpassed by the United States and Japan.
“A continued stagnation of major European PV markets due to weaker financial incentives has caused PV additions in Europe to slow dramatically in recent years, but global demand remains strong,” said Josefin Berg, senior analyst of solar demand for IHS Technology. “The supply chain continues to benefit from a period of relatively stable pricing, and there could be a new wave of capacity expansions.”
Recent Comments