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Solar capacity to 'triple by 2018'


Source: Climate Spectator, 3 June 2014

Globally installed solar capacity will nearly triple over the next four years, boosted by strong growth in Asia, which dethroned Europe as the world's biggest solar market last year, according to a major industry association.

Cumulative photovoltaic installations are seen rising to about 374 gigawatt (GW) in 2018, compared with 139 GW last year, the European Photovoltaic Industry Association (EPIA) said on Monday in its annual market report.

The figures are based on EPIA's "medium scenario", which it says depicts the most probable market development until 2018.

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