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Global Solar PV Installations Grew 34% In 2015
Global Solar PV Installations Grew 34% In 2015
January 22nd, 2016 by Joshua S Hill
For something that suppose to be such a failure, it sure kicks some ass.
Global Solar PV Installations Grew 34% In 2015
January 22nd, 2016 by Joshua S Hill
Global solar PV installation for 2015 increased 34% over 2014 numbers, reaching an estimated 59 GW by the end of the year.
This, according to preliminary numbers from GTM Research published today.
“The fourth-quarter of 2015 showed that global PV demand is very much at the mercy of government support which can often be unpredictable and idiosyncratic, leading to often negative but sometimes positive outcomes,” said Mohit Anand, a senior solar analyst with GTM Research.
Most importantly, towards the end of 2015 the decision by the US Government to extend the Investment Tax Credit showed just what an impact government support can have on the market, with the US share of expected global PV demand between 2015 and 2020 increasing from an average of 10% to 15% as a direct result of the ITC extension.
GTM Research is also predicting a substantial increase in solar PV demand in the Asia Pacific region (excluding China) in 2016 and beyond, but a reduction in Feed-in Tariffs in Japan, the UK, and China have tempered global expectations.
For something that suppose to be such a failure, it sure kicks some ass.