Net Metering

Global Solar PV Demand Grows For 10th Straight Year, 2017 Will Be Bigger

Firm growth from China will help boost overall global PV demand for the 10th consecutive year, according to a recent report from IHS. IHS Technology Senior Analyst Josefin Berg said Chinese feed-in tariff (FIT) cuts from last September have created higher-than-projected 4th quarter growth. Berg notes global capacity additions reaching 77 gigawatts (GW) in 2016 and 79 GW in 2017. The former is a projected 34% year-on-year growth rate in 2016, exceeding 2015’s 32% year-on-year growth rate.