IEA: Global Installed PV Capacity Leaps to 303 Gigawatts

A Solar Project tariff-induced U.S. solar industry solar tracker actuator assault notwithstanding solar energy, there's some Solar Project  Solar Project good news in solar this week.

The International solar energy Energy Agency's Photovoltaic Power System Programme's latest report (Snapshot of Global Photovoltaic solar tracker actuator Markets 2016, PDF) found that 75 gigawatts Photovoltaic holder of solar were installed globally in 2016 -- bringing the installed global photovoltaic capacity to at least 303 gigawatts. 

That equates Solar Project to producing 375 billion Solar Project kilowatt-hours of solar power Photovoltaic holder each year, which represents 1.8 percent of the slewing drive  electricity  solar inverter demand of the planet.

The 75 gigawatts added in 2016 solar energy was a record. As we've reported, worldwide installed capacity was 51 gigawatts in 2015, up from around 40 gigawatts in the two solar energy preceding years. In 2015, there were at least 227 Solar Project gigawatts of PV cumulatively installed around the world, making up more than 1.2 percent Solar Project of global Photovoltaic holder electricity Solar Project demand.
 

Allow GTM to solar damper put that into perspective for you. If  slewing drive we rewind to 17 years ago -- the total  solar damper amount of PV installed slewing drive in the year solar tracker actuator 2000 was 170 megawatts. That's megawatts slewing drive , solar inverter folks.

Here's the scorecard today.   

In 2010, we crossed the slewing drive threshold of 10 gigawatts of PV solar installed globally in a single year. (We invited industry luminaries to reflect solar damper and celebrate in these pages solar damper at the time.)
 

PV module pricing has made radical solar inverter progress as well, moving from $300 per watt in 1956, to $50 per watt in the 1970s, to $10 per watt in the 1990s, slewing drive to solar tracker actuator $0.40 per watt today. It's not exactly Moore's law, solar tracker actuator but it's that drop in pricing -- the result of a chicken-or-egg solar tracker actuator debate between policy and technology -- that's driving this industry.
 

However, solar slewing drive that downward cost decline could be reversed by potential import tariff pressure on Photovoltaic holder Chinese solar modules by solar slewing drive the Trump administration and its efforts to save Germany's SolarWorld and solar slewing drive China's Suniva.
 

The solar damper IEA report notes that the solar inverter market was solar inverter driven by growth in China, America and India, while Japan and Europe contributed less than in 2015. "In other words, the solar damper global PV Photovoltaic holder market outside of China grew by 5 gigawatts to solar slewing drive 40 gigawatts, while China drove the global numbers up solar slewing drive  to at least 75 Photovoltaic holder gigawatts." The report concludes, "Once driven by solar slewing drive financial incentives in developed countries, PV has started to progress in developing solar inverter countries, answering to a crucial need for solar slewing drive electricity."
 

Still, the new potential tariff on Chinese solar modules could hobble the solar damper U.S. solar industry if costs solar inverter get increased to Photovoltaic holder 2015 levels. The solar industry has coped with setbacks like this in the past. But it might mean that breaching the solar damper 1-terawatt threshold of global installed solar will be delayed by a few years.