SolarPower Europe: From 2018 To 2022, The World's New Photovoltaic Installation Capacity Is 621.7GW

- Jun 22, 2018 -

International Solar PV Network: SolarPower Europe, the European solar energy industry association, released its 2018 global PV market prospect report in early June: Europe's new installed PV capacity is expected to reach 102.6GW this year.                                                          

In addition, the association predicts in its “2018-2022 Global Solar Energy Market Outlook” that due to the release of China’s “531 Policy,” China’s PV demand will not account for more than half of the global total in 2017 and it will only increase. 39GW. However, according to the report, 14 countries are planning to increase more than 1GW of photovoltaic facilities this year. This is in conflict with the recent release of data from TrendForce in Taiwan: TrendForce expects global PV demand to drop by 5-8% this year to 92-95 GW, of which China is 31.6 GW; IHS Markit lowered the global installed PV capacity forecast from 113 GW to 105 GW .

At the Intersolar European Conference in Munich, Germany, yesterday announced the global market outlook, SolarPower Europe President Christian Westermeier stated that the growth rate of new PV installations in the world in 2018 and 2019 will be 3% and 5%, respectively, and the growth rate of PV in 2020 It will increase to 17%.

In addition, SolarPower Europe predicts that the global new installed PV capacity will reach approximately 621.7GW during the 2018-2022 period, which means that the average annual growth will be approximately 124GW.

Michael Schmela, director of European solar market intelligence, commented on the development of Europe over the past two years, saying that the EU is still lagging behind, with only 5.91GW in 2017 and 5.89GW in 2016. The EU solar market is expected to increase by 45% in 2018 and 2019 respectively.

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