According to the latest statistics from the International Renewable Energy Agency (IRENA), global renewable energy (RE) generation capacity hit 2,179 GW last year. Leading the charge were renewable hydro, onshore wind and solar PV.
With 11 GW, India is set to become the second largest solar PV market in 2018, usurping the U.S., as global demand reaches 113 GW, says IHS Markit. It adds that Q4 will be the biggest quarter in history for installations, with 34 GW expected.
The analysts forecast further solar growth for this year, with the Spanish market expected to become Europe’s fifth-largest in 2018.
Polysilicon and wafer manufacturer ranking: PV demand reached record levels in 2017, with global installations surpassing 100 GW for the first time ever. Few in the industry expected deployments to hit this level, piling the pressure on to the supply chain. Armed with polysilicon and wafer manufacturer ranking data supplied by IHS Markit, pv magazine delves into the past year’s upstream landscape.
Inverter overview: As 2017 drew to a close following a record-breaking year for solar, pv magazine sat down to discuss the global inverter landscape with Cormac Gilligan, senior solar analyst at IHS Markit. With China dominant, India’s soaring solar market still very much up for grabs and technical innovation a perennial route to market leadership, these are the six trends that we believe will shape the solar inverter landscape this year.
Market analyst IHS Markit has issued its first forecast for 2018 installations. It expects the global market to surpass the 100 GW mark for the first time ever, hitting 108 GW.
Industry analyst IHS Markit has raised its forecast for global installations in 2017 to 90 GW, representing 14% growth on the previous year’s figures. Continuing demand in China after the June 30th FIT cut is cited as the main driver for the increased expectation.
IHS Markit says the complaint could also cause the U.S. market to crater 60% by 2021, causing global module oversupply and driving module prices ever lower.
Latest market data from analysts shows that Huawei shipped the most inverters last year, followed by Sungrow, while SMA, Huawei and SolarEdge pulled in the most revenue worldwide.
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