SolarPower Europe: Global solar market to reach 100 GW in 2017

Global demand for photovoltaics will reach 100 GW level for the first time in 2017 – a growth of more than 30% compared with the 2016 level, which was 76.6 GW, and the previous record year for the construction of PV systems. Solarpower Europe comes to this conclusion in its current market analysis. The industry association thus confirms the extension forecast for 2017, which Bernreuter Research presented on Tuesday (pv magazine reported).

According to Solarpower Europe, China alone has installed around 42 GW of PV in the first nine months of 2017. By the end of the year, a total of around 50 GW is expected, which will account for more than half of global demand for new PV capacity. In 2016, the extension to China was still at 34.5 GW. For Europe, the latest analysis from SolarPower Europe assumes that the photovoltaic market will be at least 7.5 GW. This would be a slight improvement compared to 2016, when the European market had a volume of 6.7 GW.

“Within only two and a half years the average price for German photovoltaic tenders has fallen by almost 50%, to only 4.91 cents per kilowatt hour,” says Thomas Doering, Policy Advisor and Analyst in Solarpower Europe’s Market Intelligence team. In Spain, photovoltaics has just won an impressive four gigawatts in the national tender for clean energy. “The time has never been better to invest in photovoltaics in Europe and elsewhere, continues Doering”

In this context, James Watson, CEO of SolarPower Europe, called on European politicians to step up their photovoltaic ambitions. At EU level, at least one target of 35% renewable energy is required by 2030. “If we take this opportunity, we will see more jobs and investment in photovoltaics across the continent,” says Watson. “Then the demand for photovoltaics in Europe will also grow again. “

(Translated from German)