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Global Solar PV Installations In 2019 Forecast To Rise 18 Percent And Reach 123 GW
Dec 26, 2018

From IHS Markit


IHS markit for 2019 PV installation anticipation WhiteBG


Highlights:


Annual global solar photovoltaic (PV) installations in 2019 are forecast to rise 18 percent, reaching 123 gigawatts (GW) in 2019.


Two-thirds of the installed global PV generation capacity will come from outside China, with several new or revived country markets raising totals. Argentina, Egypt, South Africa, Spain and Vietnam together represent 7 percent of total installations in 2019, and 7 GW of total demand growth. PV is becoming more distributed geographically, with annual PV installations growing by more than 20 percent in 45 country markets.


PV installations in the United States are projected to grow by 28 percent year-on-year, as developers seek to complete a share of their project pipelines before the December 2019 deadline for the 30 percent investment tax credit (ITC). An even larger share of the pipeline will only be partially initiated through module shipments in order to meet the safe harbor requirements that extend the 30 percent ITC if at least 5 percent of the components have been procured.


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