Friday, July 26, 2019

Global Solar Installations to Reach Record High this Year

(Credit: Nina Chestney) Click to Enlarge.
New solar photovoltaic (PV) installations are set to reach a record high this year, driven by improving markets in Europe and the United States and fast growth in India and Vietnam, consultancy Wood Mackenzie said on Thursday.

Low auction prices are also expected to help boost new solar PV capacity by the end of this year to 114.5 gigawatts (GW), 17.5% higher than 2018 and the first time new installations have exceeded 100 GW.
A separate study earlier this year by the International Renewable Energy Agency said electricity generated by onshore wind and solar PV will in the next year be consistently cheaper than from any fossil fuel source.

Read more at Global Solar Installations to Reach Record High this Year:  Research

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