IRENA: PV dominates in 171GW global renewable push in 2018

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
China alone added 45GW in capacity in 2018, hitting the 175GW mark last year (Credit: Grass27 / Pixabay)

Growth in Asia, the US and a handful of European, South American and Middle Eastern states helped PV become the driving force of a renewable boom last year, according to the International Renewable Agency (IRENA).

Stats released today by the body show some 94GW of grid-connected PV generating capacity were rolled out worldwide in 2018. According to the numbers, this represents more than half of the 171GW added across all renewables, which now account for a third of all global capacity.

PV’s jump from 386GW in 2017 to 480GW in 2018 sees the industry continue its upwards flight over the years, with capacity building from 2013 (135GW) to 2014 (173GW), 2015 (221GW) and 2016 (292GW).

Fresh 45GW of PV in China

With 64GW (210GW to 274GW) of all 94GW of PV capacity added last year, Asia was the clear driving force behind the industry’s momentum. IRENA figures placed China (130GW to 175GW), Japan (29GW to 55GW), India (17GW to 26GW), South Korea (5.8GW to 7.8GW) and Pakistan (742MW to 1.5GW) as some of the fastest growing states between 2017 and 2018.

Elsewhere, the US (42GW to 49GW), Europe (110GW to 119GW) and Australia (5.9GW to 9.76GW) also recorded a solid PV build-up last year. European hotspots included Germany (42.3GW to 45.9GW) and the Netherlands (2.9GW to 4.1GW), while France (8.6GW to 9.4GW), Italy (19GW to 20GW) and Spain (4.72GW to 4.74GW) grew at varying rates during 2018.

Meanwhile, laggard continents and regions such as South America (3.4GW to 5.4GW), Africa (3.7GW to 5.1GW),  Eurasia (3.6GW to 5.6GW, most in Turkey), the Middle East (2.07GW to 3.02GW) all added capacity. Mexico (674MW to 2.5GW) and Brazil (1.09GW to 2.29GW) were singled out by IRENA among the 2018 PV highlights.

Off-grid PV hits 2.9GW worldwide

Off-grid PV too continued climbing rungs in 2018, hitting the 2.9GW generating capacity mark after growing all throughout 2015 (1.5GW), 2016 (1.98GW) and 2017 (2.5GW).

IRENA’s breakdown by continent and region placed again Asia (1.36GW to 1.6GW) as the frontrunner. Africa (853MW to 938MW) scored second, followed by the Middle East (156MW to 206MW), Central America and Caribbean (88MW to 88.9MW) and South America (73MW to 81MW).

See here for the full version of IRENA's statistical update for 2018

Read Next

October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
October 14, 2021
US solar manufacturers behind the anti-dumping and countervailing duties petition have responded to a US government request for more information, stressing the case is “vital” to rebuilding US solar manufacturing.
PV Tech Premium
October 14, 2021
China Silicon Industry, the country’s trade association for the nonferrous metals industry, has warned that pricing for polysilicon chips has soared 13.2% to highs of RMB273/kg (US$42.42/kg), placing further pricing pressure on the solar industry.
October 13, 2021
Reliance New Energy Solar (RNES) has invested US$29 million in German wafer technology company NexWafe’s Series C financing round as it looks to establish wafer production facilities in India.
October 12, 2021
China has started building work on the first 100GW phase of a solar and wind buildout that is likely to see hundreds of gigawatts deployed in the country's desert regions.
October 12, 2021
The investment required to upgrade and expand transmission infrastructure across the world will be a key challenge as more renewables come online, consultancy EY has warned.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021