Featured in Mountains to climb – 05-2026

Emerging markets for solar and storage

The global solar and storage sectors have already faced pivotal moments in 2026. China’s PV market is contracting due to policy reforms, data centers are emerging as new consumers of storage capacity, and geopolitical conflicts are driving distributed generation. For S&P Global Energy’s Josefin Berg, global dynamics can rapidly change expectations.

By

pv magazine

11 May 2026

The solar industry has become accustomed to growing installation numbers each year. Not so in 2026, according to our analysis at S&P Global Energy. We forecast global solar installations to decline by 4% in 2026 to 593 GW, marking a transitional year for the industry. This dip is primarily driven by a 28% reduction in China …

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