Welcome to SolarPower Europe’s Global Market Outlook 2017 – 2021. This Global Market Outlook is special for various reasons:in response to the rapid developments in the solar sector it contains much more information than last year’s edition. It was also fully produced in-house by our newly established market intelligence team, who will develop more reports going forward.
This year we begin a cooperation with the Global Solar Council for this report, and our sister organisation, the China Photovoltaic Industry Association, has contributed a chapter of the world’s largest solar market – China.
Never before have we seen more solar power being installed in a single year than in 2016. The global solar PV market grew much more than expected – by 50% to 76.6 GW year-on-year. For the first time, solar lef behind its renewable energy peer, wind, in terms of annual installations. Together with wind, solar contributed over three quarters of power capacity installations in the European
Union last year. All renewables added more than half of new global power generation capacities for the second year in a row.
Global Market Outlook 2017