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Global solar installations to hit 43GW in 2014 predicts Mercom

  • Greenough River, First Solar
    Source: First Solar.
  •   2014 Global install forecast
    China will be the largest market next year with the US or Japan likely to finish second. Source: Mercom Capital Group.

Global solar installations will reach the 43GW mark in 2014, according to clean energy consultancy Mercom.

The group expects next year to provide some much-awaited stability.

“Helped by strong demand, the module oversupply situation has improved. Prices are stable, and manufacturers are reporting shipment growth and ramping up capacity,” said Raj Prabhu, CEO and co-founder of Mercom Capital Group.

The report expects China to install 10.5GW of the 12GW target it has set for itself. The US is forecast to reach 6GW but Mercom is less sure about the prospects for solar in Japan.

“At the moment, Japan is a wild card,” said Prabhu. “Though forecast to be the second largest market in 2014 with 7GW installed, there are some mixed signals coming out of Japan.”

Prabhu was referring to grid connection issues and the possible threat of project cancellations.

As PV Tech reported in October, there are concerns that plants approved for the feed-in tariff are being delayed to allow technology costs to continue to fall, boosting the projects’ profitability. The government is now considering the posiibility of withdrawing that approval from selected projects.

Mercom expects the UK, Italy and India to install gigawatt-scale new solar capacity in 2014.


  • Photovoltaics International 29th Edition

    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



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