Solar panel installations will reach a record high this year as more countries adopt the technology and costs continue to fall. The amount of power generated globally from solar photovoltaic panels is forecast to rise by 18pc compared with last years 115 gigawatts of electricity, according to research from energy consultant Wood Mackenzie. While government subsidies have played a role in getting solar technology off the ground, these generous handouts are being widely cut back in many countries, including the world’s largest solar market, China, which is responsible for nearly half of all global solar electricity output. The biggest thing driving growth now is the falling cost of buying and installing panels. China, the US and India are the world’s biggest solar energy markets by some margin, but Mr Heggarty said it would be new market entrants and countries with smaller production, ranging between 1gw and 5gw that would be responsible for the lion’s share of growth this year and into the future. They are Australia, Germany, South Korea, Mexico, Turkey, Brazil and the Netherlands. By 2022, he reckons there will be 19 countries that fall into this category, including the United Arab Emirates, Egypt and Pakistan. But while solar power is steaming ahead in many countries, the UK’s presence in the market has tailed off considerably since its heyday four or five years ago as the Government ditched generous feed-in tariffs.
Telegraph 28th July 2019 read more »