IHS has increased its forecast for Chinese solar capacity for 2018 to 40 GW after the country exceeded installation forecasts over the first nine months of the year . Analysis revealed that China introduced 34.5 GW up to the end of September , 1.5 GW more than IHS had predicted , with declining module prices driving up demand . The forecast included measures taken by the Chinese government to slow the growth of solar projects this year by reducing incentives . As a result, China’s cumulative installed solar capacity has reached 165 GW. However , IHS predicted China could double its installation targets for 2020 as part of its aim of becoming a global leader in renewable energy .
IHS has increased its forecast for Chinese solar capacity for 2018 to 40 GW after the country exceeded installation forecasts over the first nine months of the year . Analysis revealed that China introduced 34.5 GW up to the end of September , 1.5 GW more than IHS had predicted , with declining module prices driving up demand . The forecast included measures taken by the Chinese government to slow the growth of solar projects this year by reducing incentives . However , IHS predicted China could double its installation targets for 2020 as part of its aim of becoming a global leader in renewable energy .