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IHS Markit expects global photovoltaic expansion at 142 gigawatts 2020

Jan 15, 2020 3:00:00 AM / by Sandra Enkhardt, pv magazine posted in News, Solar Development, Solar Capital, Solar Finance, Policy, United States, Markets, Installations, Decarbonize, Power Generation, Decarbonization, Investments, Infrastructure, India, Germany, France, Netherlands, Europe, 2019, China, Global, 2020, World

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The global photovoltaic market will grow by 14 percent in 2020 to 142 gigawatts of newly installed capacity. IHS Markit published this forecast on Tuesday. As in 2019, growth in the double-digit percentage range will be achieved. Compared to the worldwide expansion of photovoltaics ten years ago, this amounts to a sevenfold increase. There is also increased diversification in regional distribution. While in 2010 there were seven countries with an installed photovoltaic output of more than one gigawatt, by the end of 2020 there will be more than 43 countries, it was said.

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