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Image credit: 272447 / Pixabay

Image credit: 272447 / Pixabay

A new review has come to highlight once more PV’s buoyant last year prior to the chaos brought about by COVID-19 in 2020, with Spain, Vietnam and others joining the top ten ranking.

PV installations reached the cumulative 627GW mark worldwide as of the end of 2019 after 114.9GW was added across the globe over the year, according to the latest update of the International Energy Agency (IEA)’s PVPS Programme.

The 114.9GW of new installs last year largely echo the figures produced by other analyses, including BloombergNEF (118GW) and IHS Markit (~120GW). All of the aforementioned exceed the estimates of IRENA, which recently said 98GW of solar was rolled out worldwide in 2019.

The IEA PVPS review corroborated the trends already highlighted by other consultancies, including Asia’s continued dominance. Accounting for a 57% share of global PV additions last year, the continent now counts five countries (see below) amongst IEA PVPS’ updated top ten ranking.

Chinese PV retained the top position in the worldwide charts. At a rollout of 30.1GW in 2019, however, the country marked the second consecutive year of slowing growth, some way down from the numbers reported in 2017 (53GW) and 2018 (43.4GW).

Conversely, growth beyond China’s shores accelerated year-on-year. Where countries other than the Asian superpower had installed a joint 58.8GW of PV in 2018, they boosted that figure by 44% to 84.9GW in 2019, according to the IEA PVPS update.

The IEA PVPS top ten of PV installations in 2019

1) China2) United States3) India4) Japan5) Vietnam
6) Spain7) Germany8) Australia9) Ukraine10) South Korea
IEA PVPS' Snapshot of Global PV Markets 2020

Honduras, Israel ahead as PV hits 3% global energy mix share

Helped by heavyweights Spain, Germany, Ukraine and the Netherlands, the EU27-plus-UK group witnessed annual PV installs of 16GW. In the IEA PVPS rankings, the bloc was followed by the US, India and Japan in terms of PV rollout.

According to the review, the global PV landscape is becoming less geographically concentrated, with countries in the top ten accounting together for fewer additions with every passing year. The number of national markets installing 1GW or more every year has now reached 18, the study said.

The update pointed at new growth hotspots emerging beyond the usual PV suspects. From Vietnam to Australia, South Korea, Brazil, the United Arab Emirates, Egypt, Taiwan, Israel and Mexico, newer countries came to join the ranks of those installing 1GW-4.8GW in 2019.

In addition, the IEA PVPS analysis examined the climate benefits from rising PV installations. Worldwide, the industry brought last year greenhouse gas savings of 720 million tonnes of CO2eq. Across the entire planet, PV systems covered an average 3% share of the electricity mix.

At 14.8%, Honduras led the IEA PVPS’ charts for PV penetration, followed (see table below) by a mix of Middle Eastern, European, Latin American, Asian and Oceanian countries. A sizeable number of nations – from China to the US, the UK and Spain – saw shares below 5%, however.

The IEA PVPS update also mapped out the countries leading on the per-capita PV installs. Its top three for 2019 featured Germany (595W of PV per inhabitant), Australia (585W of PV per inhabitant) and Japan (497W of PV per inhabitant).

The IEA PVPS top ten of PV's power mix share in 2019

1) Honduras2) Israel3) Germany4) Chile5) Australia
6) Greece7) Japan8) Italy9) India10) Belgium
IEA PVPS' Snapshot of Global PV Markets 2020

See here to read IEA PVPS' Snapshot of Global PV Markets 2020 in full

Tags: covid-19, coronavirus, iea, iea pvps, global solar, solar, solar pv, installation figures, lsdigital, financedigital