From 2018 to 2022, the global new photovoltaic capacity will reach 621.7 GW

SolarPower Europe, the European solar industry association, has released its outlook
for the global PV market in 2018.
As predicted by the association in early June, the global new PV capacity will reach 102.
6 GW
this year.

From 2018 to 2022, the global new photovoltaic capacity will reach 621.
7 GW

In addition, the association predicts in its "Global Solar Market Outlook 2018-2022" that due to recent policy changes, China's PV demand this year will not reach 50% of the global share in 2017 and will only increase by 39 GW
.
However, according to the report, 14 countries are installing more than 1 GW of new PV capacity as planned this year, while only 7 countries achieved more than
1 GW of new capacity in 2017.

However, this conflicts with recent data released by Taiwan's TrendForce, which expects global PV demand to shrink by 5%-8% this year to 92-95 GW, with China adding 31.
6 GW
.
But SolarPower Europe's forecast is more in line with IHS Markit's previous downward revision to 105 GW from 113 GW
.

Releasing the global market outlook at the European Solar Technology Expo in Munich, Germany, Christian Westermeier, president of SolarPower Europe, said that it will take 1-2 years for China to use the new PV subsidy system to solve the problem, which will lead to global PV growth of 3% and 5% in 2018 and 2019, respectively, and the market growth rate will increase to 17%
in 2020.

In addition, SolarPower Europe predicts that the global installed capacity of new PV will reach about 621.
7 GW between 2018 and 2022, which means an average annual growth of about 124 GW
.

Commenting on developments in Europe over the past two years, Michael Schmela, director of European solar market intelligence, said the EU is still lagging behind its potential, adding only 5.
91 GW in 2017 and 5.
89 GW
in 2016.

According to him, the growth of the European market depends on two factors: Turkey's substantial growth, and the UK's withdrawal from solar in
2016.
However, 21 of the 28 EU markets added more solar capacity
than the previous year.
The EU solar market is expected to grow by 45% and 58%
in 2018 and 2019, respectively.

The association highlighted that all scenarios of its 2018 global market outlook show stronger-than-expected growth
.
In 2017, SolarPowerEurope predicted a cumulative installed capacity of 471 GW in 2018, and this year's forecast is 505 GW, which is about 7%
higher.
By 2021, the cumulative installed PV capacity worldwide will reach 871 GW, which will be 13%
higher than last year's forecast.

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