Global installed capacity of solar energy exceeded 200GW


Global installed capacity of solar energy exceeded 200GW

German Solar Energy Association BSW-Solar just released news that in the first half of 2015, the global new solar capacity reached 22 GW. As of the end of 2014, the global installed capacity of solar energy has reached 178 MW. This means that as of the first half of this year, the global installed capacity of solar energy has exceeded 200 MW.

BSW-Solar also predicts that in 2015, the global installed capacity of solar energy will add 50 GW. And GTM Research predicts the data is higher, about 55 GW. Forecasts given by other solar market research institutes are also around 50 GW.

What's even more surprising is that as solar power costs continue to drop, BSW-Solar predicts that global solar capacity will double to over 400 GW in the next four years.

BSW-Solar believes that the rapid growth of solar energy installed capacity is mainly due to the vigorous development of solar energy in the four major economies of China, Japan, the United States and India. This is also great news for the global response to climate change. Meanwhile, solar prices will continue to decline, solar power will become more and more competitive.

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