UBS Says Solar Could Be 10% of Global Capacity by 2020

Global investment bank UBS says solar is likely to account for 10 per cent of global electricity capacity by 2020, as production costs continue to fall, and demand soars in the world’s major economies and in other markets.

In the latest bullish solar analysis released by a major investment bank, UBS says that solar’s dramatic growth is assured because it is no longer dependent on a single, subsidized market.

Solar growth is now coming from different regions in the world.  As such its future is more assured than when all of the growth was driven by feed-in tariffs in Europe in general and Germany in particular.”

UBS notes that US solar group SunEdison predicts that solar can maintain a 16 per cent compound annual growth rate over the next five years.  That will take annual installations to around 100GW by 2019.  That’s as much as had been installed cumulatively across the world up to the end of 2012 and as much new generation (all fuels included) that is installed each year in China.

UBS Says Solar  Could Be 10% of Global Capacity by 2020