Global PV installations exceed 12GW in Q1 2015
EnergyTrend estimates that global PV installations will reach up to 52GW in 2015 and the installed PV capacity in China, the US and Japan will account for about 63 percent. Based on the statistics of EnergyTrend, the global PV installations at the first quarter of 2015 surpassed 12GW and the full-year goal can be achieved.
According to EnergyTrend's gold member data research, the global five largest solar markets in 2015 are China, the US, Japan, the UK and India, while China, the US and Japan rank the top three. Chinese market will continue to grow and be in the lead of many other countries. Chinese total PV installations at the first quarter of this year alone peaked 5.04GW, greatly moving towards the project of 17.8GW in full-year 2015. Although Japan continued to reduce FiT for solar, its PV installations at the first quarter still reached 1,950MW, which showed that the demand is still quit strong. The US got close to Japan with the installed PV capacity during the same period achieving 1,306MW. What is worth mentioning is that among the added electric power in the US at the first quarter, the solar PV energy accounted for 51 percent, surpassing the conventional power for the first time.
Besides the US that will continue to boost the PV installations, some countries in the American region will show overall growth. The demands this year in several Central & South American national including Chile, Honduras, Uruguay, etc. will significantly increase as well.