Auctions to award 9.6GW of solar in Q3 2017 – GTM

Global PV Demand 2015-2022. Credit: GTM

More than 80GW of solar PV will be installed just in 2017, despite a slowdown in annual demand growth, according to the latest ‘Global Solar Demand Monitor Q2 2017’ from GTM Research.

Back in April, GTM had predicted that global PV demand for 2017 could be as high as 85GW, but the firm has brought that upside figure down to 84.1GW in its new report.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free


The analyst firm also reported that solar PV auctions are set to award 9.6GW of capacity in the third quarter of this year alone.

GTM is now tracking a 17.4GW pipeline of announced and confirmed solar auctions across the globe, of which a significant proportion (8.1GW) is coming from Europe. South Asia, led by India’s National Solar Mission, has the second highest proportion (5GW).

France, the Netherlands and Ireland are expected to drive Europe’s future demand.

The pipeline of auctions is expected to continue to expand as more countries take on the auction mechanism to dish out capacity while driving tariffs down and often simultaneously circumventing the need to offer subsidies. Already 48 nations have auction strategies with 27 other markets considering or planning such policies:

Nations using or considering solar auctions. Credit: GTM

Ben Attia, GTM Research solar analyst and lead author of the report, said: “Mature solar markets including Germany, Japan and the United Kingdom have used competitive procurement as a market-capping mechanism to remedy subsidy budget deficits, market saturation, curtailment and grid-balancing issues and high costs.

“High-growth markets like India and Mexico have used the same mechanisms as a scale-up engine to centrally allocate projects on weaker grids, provide credit and off-taker guarantees or assurances, and create a low-cost, no-subsidy multi-gigawatt pipeline.”


GTM has also projected that annual PV demand growth globally will slow dramatically from 55% in 2016 to a “more sustainable” 4% in 2017. This percentage of year-on-year demand increase will start to grow again to 6-8% from 2019. Again it is emerging markets that will make up for the slowdown in East Asia.

As expected, China will lead on demand with a total of 31.5GW, as forecasted three months ago by GTM. This will account for 39% of the global market.

Continued module oversupply and component price decreases will also make solar PV competitive in technology agnostic auctions.

India will remain a strong driver despite the introduction of the Goods and Services Tax (GST), which Mercom Capital Group reported yesterday, would now be set 5% for modules but at 18% or more for all other components. Japan however will continue to see much lower installations.

Looking to the future, GTM said: “The results of upcoming competitive reverse auctions in emerging markets such as Saudi Arabia, Malaysia and Zambia will provide signs as to the longer-term potential for solar to find new large markets.”

Argentina, Brazil and Mexico in Latin America are all expected to grow with a CAGR of over 90% between 2016 and 2022. Algeria and Saudi Arabia will lead the Middle East and North Africa region, while in Southeast Asia, the Philippines will add 6.3GW of solar between 2017-22.

21 May 2024
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 21-22 May 2024, will be our third PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2025 and beyond.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
April 17, 2024
Lisbon, Portugal
Solar Media Events
May 1, 2024
Dallas, Texas
Solar Media Events
May 21, 2024
Sydney, Australia