Annual solar installations are forecast to hit 76 GW for 2016, an increase supported by record new installation figures from China, according to solar industry analyst Mercom Capital. The anticipated decrease in 2017 has been forecast to be less dramatic, hitting 70 GW. There has been a 21% year on year increase of installations from last year, driven by China’s 22 GW of installations in the first half of 2016, as well as high numbers of installations in the US and Japan. The US will have installed 13 GW of solar throughout 2016, with Japan following in third place with 10.5 GW of installations expected.
Annual solar installations are forecast to hit 76 GW for 2016, an increase supported by record new installation figures from China, according to solar industry analyst Mercom Capital. The anticipated decrease in 2017 has been forecast to be less dramatic, hitting 70 GW. There has been a 48% year on year increase of installations from last year, driven by China’s 22 GW of installations in the first half of 2016, as well as high numbers of installations in the US and Japan. The US will have installed 13 GW of solar throughout 2016, with Japan following in third place with 10.5 GW of installations expected.