Global Solar PV Installations to Surpass 104GW in 2018

The global solar PV market will add over 100 gigawatts of capacity for the first time in 2018 — and there is no looking back.

According to the latest Global Solar Demand Monitor from GTM Research, installations will reach 104 gigawatts this year, representing 6 percent annual growth. After that, 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.

Source: Global Solar Demand Monitor, Q1 2018

Installations in China will fall from 53 gigawatts in 2017 to …read more

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