New World Solar Power Record For 1 Quarter, 2014 IHS Target

CLEAN TECHNICA – Solarbuzz recently reported that world solar PV power capacity grew by a record 9,000 megawatts (MW) in the 1st quarter of 2014. However, that record isn’t likely to last long. The solar market research company forecasts that every quarter this year will be higher than the one before it.

  At the end of Q1 2015, Solarbuzz forecasts that the 12-month total will be over 50,000 MW! For 2014, Solarbuzz is maintaining its forecast of 49,000 MW. However, it wouldn’t be surprised to see the world surpass that.

 

Meanwhile, another market research firm, IHS, just raised its 2014 forecast to 46,000 MW following the strong 1st quarter. That would equal a 22% increase in the market compared to 2013, IHS notes. The main countries driving global installments during 2014 are widely projected to be China and Japan.

 

However, solar growth in Japan and the UK was particularly responsible for the record 1st quarter, Solarbuzz notes. “These two countries combined accounted for more than one-third of global solar PV demand in Q1’14 and set new quarterly records for PV deployed.”

 

“This is the fifth straight year that a quarterly record has been set at the start of the year,” said Michael Barker, senior analyst at NPD Solarbuzz. “While demand during the first quarter typically sets the low point for the year, deployment levels during this quarter provide an excellent means of benchmarking demand for the rest of the coming year.”

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Post time: Sep-19-2017
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