Proof Point
Global installed solar PV expected to triple between 2015 and 2020, reach 699 gigawatts in capacity
Global Solar Photovoltaics Installed Capacity
2003 – 2020F (gigawatts)
Proof Point Findings
- Global Solar PV Installation – Expected to grow 20% annually between 2015 and 2020, accounting for half of new electricity-generating capacity installations during period
- Solar PV Capacity – Estimated size of annual global solar PV installed in 2020, 139 gigawatts, equal to total 2013 global installed capacity
- Contribution to Energy Production – Forecasted installed 2020 capacity of 699 gigawatts expected to produce 3.1 million gigawatt hours at 50% output, or about 2% of 184.3 million gigawatt hours projected global energy consumption
- Key Growth Drivers – Include massive headroom in developing countries brought about by government incentives and programs, especially in China and India, increasing demand for adoption in emerging markets, such as Latin America, Africa and the Middle East, and evolution of grid parity in Europe
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Accelerator |
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Sector |
Energy
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Source |
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Date Last Updated |
December 5, 2016
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