The installed capacity of solar PV in North and South America will increase more than tenfold over the coming years, jumping from 13.1 Gigawatts (GW) in 2013 to 138.8GW by 2030 – according to a new report from consulting firm GlobalData.
The research – which encompasses key solar players like the US, Canada and Brazil – also predicts that power generated by solar PV installations in the Americas will also experience a growth spurt, jumping from 21 Terawatt-hours (TWh) in 2013 to 234 TWh by 2030.
Big numbers, indeed. But will it really take until 2030 for this growth to happen? According to one Morgan Stanley analyst, the US market alone could have around 130GW installed within the next four years.
Morgan Stanley: US Could Have 129 GW of Commercial Solar by 2018
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