Global Market Outlook For Solar Power 2017

Munich 30 may 2017 solarpower europe today launched the global market outlook for solar power 2017 2021 the report confirms that 2016 was another record year for solar with global annual solar additions growing by 50 with 76 6 gw installed.

Global market outlook for solar power 2017.

It was also fully produced in house by our newly established market intelligence team who will develop. Solar power supplied about 3 of global electricity demand in 2019. Global market outlook for solar power 2017 2021. Solarpower europe global market outlook for solar power 2017 2021 5 the global solar market in 2016 was even more dominated by one country than it was the year before china which connected 34 5 gw to the grid a 128 increase over the 15 1 gw it added the year before.

2016 is another record solar year and demand should continue to rise through to 2021. In 2018 solar pv contributed between 7 and 8 to the annual domestic consumption in italy greece germany and chile. New world record low solar power price of 2 34 us cents kwh. Global market outlook for solar power 2017 2021.

For the first time china installed more than half of the world s solar capacity in one year to be exact 53 3. Various modernizations in airport solar power and availability of large areas of unused land. Foreword welcome to solarpower europe s global market outlook 2017 2021. Supply and iandc of 20mva power transformer for ntpc 20mw solar pv project at gandhar gujarat.

In response to the rapid developments in the solar sector it contains much more information than last year s edition. This global market outlook is special for various reasons. May 30 2017 anand gupta. Global solar market demand in 2017 was driven by china.

The 2016 pv installations were equal to a global market share of 45. According to stratistics mrc the global airport solar power market is expected to grow at a cagr of 8 0 during the forecast period. Global market outlook for solar power 2017 2021 report confirms that 2016 was another record year for solar with global annual solar additions growing by 50 with 76 6 gw installed. With comprehensive historical market data 5 year forecasts for the key global markets as well as analysis of the segmentation between rooftop and ground mounted systems this report is an indispensable tool for the solar.

There is now a total worldwide solar power generation capacity of 306 5 gw. The largest penetration of solar power in electricity production is found in honduras 14. Due to technical improvements solar power cost and price will continue to quickly improve.