Report: Utility-Scale Solar Has ‘Fighting Chance’ To Reach 100 GW This Year

Posted by Joseph Bebon on August 22, 2016 No Comments
Categories : New & Noteworthy

Global utility-scale solar capacity grew 10 GW in mid-2016, reaching a total of 75 GW, and it might be capable of hitting 100 GW by year-end, according to a new report by Wiki-Solar.

The report says Asia is continuing to move ahead and now accounts for almost half of global utility-scale solar capacity, thanks to ongoing growth in China and India. Europe, in particular, has slowed, as the U.K. seems to be prioritizing more nuclear power over renewables, the report adds.

image001 Report: Utility-Scale Solar Has ‘Fighting Chance’ To Reach 100 GW This Year

Global Utility-Scale Solar Capacity

“It might look like a tall order to add a further 25 GW to reach 100 GW by year-end, but I think we still have a fighting chance,” states Wiki-Solar’s Philip Wolfe.

According to Wolfe, Wiki-Solar’s figures are “often understated, when first calculated, because not all sources have yet published their data.”

This time last year, for example, Wiki-Solar indicated a half-year utility-scale solar capacity of 45 GW, but it is now clear that the final level was over 50 GW.

In addition, because many contractors and developers work to complete projects before year-end, Wiki-Solar says the second half of the year typically delivers more capacity. There is a substantial pipeline of projects in the U.S., in particular, still due for completion this year.

Wolfe says he is confident that the global industry will see another record-breaking year for utility-scale solar capacity.

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