European solar trade body SolarPower Europe expects the global solar industry will add nearly 800 gigawatts of new solar over the next five years, bringing the planet’s total solar capacity to 1.3 terrawatts in 2023. SolarPower Europe published its Global Market Outlook 2019-2023 at Intersolar Europe Tuesday, revealing its near-term and long-term predictions for solar capacity additions. After 102.4GW was added in 2018, according to the group, in 2019 about 128GW of new solar PV capacity will be added according to its Medium Scenario – translating to growth of around 25%. This, in turn, will increase the globe’s cumulative solar PV capacity to 645 GW.
Renew Economy 17th May 2019 read more »
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