2016: Global solar boom, European PV demand slowing

SolarPower Europe on June 21st, 2016 released its flagship market report the ”Global Market Outlook for Solar Power 2016–2020” showing that a total of 229 GW of solar power was installed in the world end of 2015, an over 45-fold market increase in only 10 years.

After the 50 GW annual level of newly added solar photovoltaic (PV) capacity was reached in 2015, the global solar market is well on its way to crack the 60 GW mark in 2016 – the most likely scenario forecasts around 62 GW of newly commissioned solar power this year.

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