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Global solar PV installations are expected to push past 19.5 GW in the fourth quarter of 2014, according to new figures from analysis firm NPD Solarbuzz, reaching ever closer to a global cumulative PV deployment of 200 GW.
That global solar PV installations are pushing so hard and fast towards the 200 GW mark is of no real surprise given recent analyst predictions for countries such as China and Japan. The Q4’14 figures are nevertheless impressive, amounting to the energy supplied by five large-scale nuclear power plants and exceeding the total annual global solar PV deployed in 2010.
The figures are part of the latest NPD Solarbuzz Quarterly report which each quarter addresses the solar supply and demand balance.
“Global PV end-market demand continues to set new records, restoring investor confidence in the PV industry after several years of overcapacity and declining profits,” said Michael Barker, senior analyst at NPD Solarbuzz. “Having been put on hold over the past six months, due mainly to trade-related uncertainties, record quarterly and annual shipment levels will prove crucial to investors that have been hesitant to commit to new capacity funds.”
