The global solar power market grew 29.3 per cent last year, with new capacity additions rising from76.5GW in 2016 to 98.9GW in 2017, according to the latest data from SolarPower Europe. Unveiled at the trade body’s annual conference in Brussels, the new update confirmed the European market almost matched the global market, with new capacity rising 28.4 per cent to 8.6GW last year. Christian Westermeier, president of SolarPower Europe, said it was encouraging to see the European solar market growing again after several years when policy changes and subsidy cuts have curtailed growth in key markets. “It is good to see European solar growing again, and it is particularly encouraging that this increase is at about the same level as the global market,” he said. However, he added the EU could help support the next phase of growth by delivering a more ambitious renewables target for 2030.
Business Green 16th March 2018 read more »