Featured in Nothing cheaper under the sun – 01-2021

Fasten your seat belts

The PV industry is in for a wild ride to add 158 GW in 2021, writes IHS Markit’s Josefin Berg. Delayed projects from this year, together with a generally increased appetite for renewables around the world, leads us to project 34% year-on-year growth in annual PV installations in 2021 – a year when module prices will remain high for at least the first two quarters.

By

pv magazine

15 Jan 2021

Source: IHS Markit

While we are yet to have the final PV installation numbers for 2020, at IHS Markit we estimate 118 GW – a 5% decline from 2019. Most of that drop was not directly related to Covid-19, which we at first thought would be the main culprit in causing a slowdown. Instead, as many PV markets …

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