Global solar market tipped to hit 756GW by 2025, as world’s lowest cost solar farm edges forward. Global solar capacity will almost treble over the next decade, reaching over 271GW of cumulative installed capacity by 2025, according to new research from analysts GlobalData. The company’s latest report predicts annual growth rates for the solar industry will fall from the 50.1 per cent compound annual growth rate (CAGR) seen over the past decade. However, it predicts the CAGR for the industry through to 2025 will still reach 13.1 per cent as China cements its position as the world’s largest solar market.
Business Green 28th June 2016 read more »