Global solar installations to top 140GW in 2020—IHS Markit

first_img FacebookTwitterLinkedInEmailPrint分享Recharge:More than 140GW of new PV plant is expected to be added to grids around the world this year, an almost 15% rise on 2019, as the global solar build-out continues its sprawling expansion, according to latest IHS Markit figures.The forecast 142GW in installations to be added in 2020 would be seven times as large as the total operational fleet a decade ago, the analyst group noted, with growth “substantial in terms of geographic reach as well,” as 43 countries are set to have solar plant capacity greater than 1GW, compared to seven in 2010. “Another year of double-digit global demand growth in 2020 is proof of the continued and exponential growth of solar PV installations in the last decade,” said IHS Markit clean technology & renewables director Edurne Zoco.“If the 2010s were the decade of technology innovation, steep cost reductions, large subsidies and dominance by a few markets, then 2020 marks the decade of emerging unsubsidized solar, diversification and expansion of solar installation demand across the globe, new corporate entry players and increasing competitiveness versus conventional energy sources.”Market-leader China will continue to account for an outsized share of new installations into the foreseeable future, according to IHS calculations, but the “over-reliance on China for global solar installation growth will continue to decrease in coming years as more capacity is added elsewhere.”In the U.S., the world’s second largest solar market, IHS Markit expects installations to grow 20% in 2020, with California, Texas, Florida, North Carolina and New York “key drivers” of rising demand over the next five years.[Darius Snieckus]More: ‘Exponential’ global solar growth to continue with 142GW added in 2020 Global solar installations to top 140GW in 2020—IHS Markitlast_img

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