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According to a recent report released by IHS Markit, the global annual PV installed capacity is expected to grow by 18% in 2019, reaching 123GW
of power generation.
Of the estimated total, two-thirds of the installed global PV capacity will come from resources outside China, while several new or growing markets around the world are expected to reap significant gains
.
Overall, Argentina, Egypt, South Africa, Spain and Vietnam accounted for 7% of total installed capacity in 2019, with total demand growing by 7GW.
In 45 different national markets, the total number of annual PV installations increased by more than
20%.
In the U.
S.
, PV installed capacity is expected to grow by 28% year-over-year, and developers expect to have a significant impact
on their respective project pipelines before the December 2019 Investment Tax Credit (ITC) deadline.
A larger share of this pipeline can only be made through the module shipment stage, which meets safe harbor requirements and extends the ITC
by 30% if at least 5% of the components have been procured for the project.
According to IHS Markit's estimates, limited capacity announcements across the supply chain will directly lead to an increase
in average utilization across all nodes next year.
While module prices declined in the second half of 2018, existing strong demand outside of China, particularly in markets such as Mexico, Vietnam and Spain, has reduced price erosion concerns
for shipments in the first half of 2019.
:/, please indicate the source for reprinting)
According to a recent report released by IHS Markit, the global annual PV installed capacity is expected to grow by 18% in 2019, reaching 123GW
of power generation.
Of the estimated total, two-thirds of the installed global PV capacity will come from resources outside China, while several new or growing markets around the world are expected to reap significant gains
.
Overall, Argentina, Egypt, South Africa, Spain and Vietnam accounted for 7% of total installed capacity in 2019, with total demand growing by 7GW.
In 45 different national markets, the total number of annual PV installations increased by more than
20%.
In the U.
S.
, PV installed capacity is expected to grow by 28% year-over-year, and developers expect to have a significant impact
on their respective project pipelines before the December 2019 Investment Tax Credit (ITC) deadline.
A larger share of this pipeline can only be made through the module shipment stage, which meets safe harbor requirements and extends the ITC
by 30% if at least 5% of the components have been procured for the project.
According to IHS Markit's estimates, limited capacity announcements across the supply chain will directly lead to an increase
in average utilization across all nodes next year.
While module prices declined in the second half of 2018, existing strong demand outside of China, particularly in markets such as Mexico, Vietnam and Spain, has reduced price erosion concerns
for shipments in the first half of 2019.
:/, please indicate the source for reprinting)
/
