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New report bodes well for solar PV market

Global solar PV installed capacity to reach 331 GW by 2020, GBI Research shows.

The solar PV sector has expanded massively in recent years, and with countries such as India and China announcing ambitious future solar PV targets, there are no signs of this growth abating in the near future. GBI Research predicts global solar PV installed capacity will reach 331 GW by 2020 from 97 GW in 2012, climbing at a compound annual growth rate (CAGR) of 16.6%.

Industry watchers point to recent trends, specifically the fact that the capital costs of renewable energy generation are currently higher than those of conventional methods, thereby lowering the Levelized Cost of Energy (LCOE) and further driving the industry.

GBI Research's new report, "Cost of Power Generation - Renewables Compete with Conventional Alternatives as the Levelized Cost of Electricity (LCOE) is driven down by Technological Developments and Mass Deployments," is available online.

Sample pages are also available via e-mail upon request.

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Energy efficiency  •  Energy infrastructure  •  Photovoltaics (PV)  •  Policy, investment and markets  •  Solar electricity