IHS has increased its forecast for Chinese solar capacity for 2018 to 40 GW after the country exceeded installation forecasts over 2020 . Analysis revealed that China introduced 40 GW up to 2018 , 1.5 GW more than IHS had predicted, with declining module prices driving up demand. IHS says further clarifications could be made by its analysts once the government announces a decision. The forecast followed 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.
IHS has increased its forecast for Chinese solar capacity for 2018 to 40 GW after the country exceeded installation forecasts over 2020 . Analysis revealed that China introduced 40 GW up to 2018 , 1.5 GW more than IHS had predicted, with declining module prices driving up demand. The forecast followed 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.