Recent solar PV market data and outlook offer new momentum for opinion leaders and policy makers to maximize their effort to remove all non-technological barriers that contribute to slow down solar market uptake below optimal levels.
Solar Power Europe (former EPIA - the European Photovoltaic Industry Association) just released the Global Market Outlook for Solar Power 2015 – 2019, showing that at least 40 GW of PV systems were installed globally in 2014,with an increase of 8% compared to the previous year and reaching a cumulative capacity of 178 GW.
China (10,6 GW, including 2 GW of distributed installation), Japan (9,7 GW) and USA (6,5 GW) were the three top markets while in Europe – far from the high installed capacity of 2012 and 2013- 7 GW were connected to the grid (UK turned out to be the first EU Country 2,4 GW installed capacity).
According to GlobalData, 2015 will confirm the expansion of PV market, which is expected to reach 44 MW of newly installed capacity globally. Again China will be at the top of the international rank, with 17.6 GW (more than 15 GW planned, 7 of which reserved to distributed generation). US should place second (with 7-8 GW), followed by Japan.
Other interesting prompts came from results of tenders for PV Independent Power Producer (IPP) issued in 2014. The word record was reached in late 2014 for the Dubai 100 MW IPP winning bid of 5,98 USD cents/kWh. Even if the sustainability of this project is still to be verified, it is interesting that results of similar tenders in India and Brazil were in the range 8–9 cents/kWh.
Not surprisingly, global PV market outlooks are promising: Solar Power Europe considers feasible to reach a global installed capacity of 540 GW in 2019 (this means an average yearly installation of about 70 GW for the next five years). Meeting this ambitious figures requires progresses not only in the utility scale projects but in the distributed generation as well and a uniform unlocking of PV potential of the different regions of the world.