The PV Market Alliance (PVMA) – of which Becquerel Institute is a Founding Member reports 51 GW installations in 2015, exactly matching it last year central scenario forecast, and 10% to 15% lower than most other analysts overoptimistic forecast

After 40 GW of PV installations in 2014, a confirmation of PVMA last January early estimate, 2015 experienced a significant growth with a market reaching at least 51 GW, exactly matching last year PVMA central scenario forecast. Strong growth was observed in all major markets while more emerging market started to contribute to the global growth.

  • China installed in 2015 at least 15 GW, a 37% increase YoY. As anticipated, the utility-scale segment continues to dominate the market with a share of over 70% vs. distributed generation. China overtook the pole position from Germany with 43 GW installed capacity.
  • Japan has installed about 10 GW of PV in 2015, with already 7.4 GW(AC) installed by the end of September under the FiT program.
  • The US market grew by 56% in 2015 over 2014 to 9.8 GW, driven by ITC uncertainty and accelerated growth in the market for residential solar leases.
  • Europe installed around 8.5 GW, driven primarily by a booming UK market at more than 4 GW, followed by a reduced German market at 1.4 GW.

 

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