install forecast

Europe is forecast to add 110GW of solar PV capacity in 2025, according to Liam Coman, solar market analyst at S&P Global Commodity Insights.

Japan is forecast to have 111GW of installed solar by 2025 under a business as usual scenario, with this rising to 154GW by 2030. If it were to aim higher, however, under an ‘accelerated scenario’, it could hit 115GW of installed PV by 2025 and top 180GW by 2030, according to a new analysis by RTS Corporation.

The International Energy Agency (IEA) has said it expects annual solar PV additions globally to surpass 160GW by 2022, affirming the technology’s position as the “new king” of global electricity markets.

Strong installs expected in China, India and other markets as supply chain concerns ease and costs drop further