Published on March 19th, 2018 | by Joshua S Hill0
Global Solar Market Installed 98.9 Gigawatts In 2017
March 19th, 2018 by Joshua S Hill
The global solar market installed an impressive 98.9 gigawatts of new capacity in 2017 according to SolarPower Europe, increasing by 29.3%, in comparison to the 76.5 gigawatts (GW) and 49% recorded in 2016.
SolarPower Europe presented its latest solar market data at the recent SolarPower Summit held in Brussels, Belgium, late last week. Total global solar power additions increased by 29.3% in 2017 and amounted to 98.9 GW worth of new capacity — falling just short of SolarPower Europe’s October prediction that the market would for the first time reach 100 GW. For Europe specifically, the solar market grew at the same growth rate, with 8.6 GW of new capacity in 2017, up from the 6.7 GW installed in 2017.
Looking at Europe specifically, SolarPower Europe found that Turkey was the largest European solar market in 2017 with growth of 213% year-over-year, installing 1.79 GW. Germany was second with approximately 1.75 GW, and the UK followed in third.
“It is good to see European solar growing again, and it is particularly encouraging that this increase is at about the same level as the global market,” explained Christian Westermeier, President of SolarPower Europe. “Yet the EU has a lot of work to do if it wants to keep pace with the rest of the world on solar energy – and therefore we hope that the EU will agree to a 35% Renewables target in the Clean Energy package.”
“After an astonishing 50% growth in 2016, many solar experts did not expect any growth in 2017,” added Michael Schmela, Executive Advisor and Head of Market Intelligence at SolarPower Europe. “The fact that we saw solar continue to grow at such a high rate despite these analyses proves that solar has been constantly underestimated. The solar revolution is unstoppable and happening much faster than anticipated.”
SolarPower Europe also highlighted the growth outside of Europe as well, revealing that China and India together accounted for 63% of total solar demand in 2017. China’s National Energy Administration announced in January that it installed 52.83 GW in 2017, up from 34.5 GW in 2016, well away from the next closest competitor, the US, which installed 10.6 GW, and followed by India with 9.6 GW.
“Solar’s continued growth is great news as we move the global energy transition forward — but Europe is at risk of being left behind,” warned James Watson, CEO of SolarPower Europe.
“The EU must ensure that it addresses obstacles to solar’s potential, such as barriers to self-consumption and it must ensure a strong framework for small scale solar.
“The EU must support policies that encourage more solar installations, such as the removal of trade barriers on solar panels. Not only will this ensure a clean energy future for the EU, but it will boost local development, it is expected that solar will provide over 40,000 more jobs in Europe by 2019 if the trade barriers are removed.”