Representing the most bullish figures for 2015, IHS has raised its global solar PV target from 57.3 GW to 59 GW, thus representing a 33% increase on 2014s installation figures, which reached 44.2 GW, according to the analysts.
In 2016, it expects to see over 65 GW installed, more than 2 GW more than initially anticipated. This will result in a cumulative capacity of 300 GW.
The forecasts have been raised due to installers looking to complete projects in the U.S. before the ITC deadline; and increased installation targets in China, from 17.8 GW to 23.1 GW, which were reported in various media last week.
Activity in India and other Asian countries is also contributing to the raised targets.
IHS has come out with the most positive installation figures for 2015. The table below outlines other analysts expectations for this year:
|
Analyst |
2015 solar PV installation prediction |
|
IHS |
59 GW |
|
57.4 GW |
|
|
58.3 GW |
|
|
55 GW |
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