Solar power powers ahead | Daily News


Solar power powers ahead

Last year, the world added 114.9 GW of photovoltaic systems, the third year in a row that figure has been over 100 GW, according to the just published preliminary IEA PVPS report “Snapshot of Global PV Markets 2020.”

That’s a 12% increase over the previous year and brings the world’s cumulative photovoltaic peak output to 629 GW as of the end of 2019.

At 30.1 GW in 2019, China was still by far the largest photovoltaic market in the world, but that market declined for the third year in a row.

By continent, The IEA PVPS report places the EU in second place with a total of 16 GW of new photovoltaic systems. The U.S. was in third place with a newly installed PV output of 13.3 GW, ahead of India with 9.9 GW and Japan with 7 GW. Vietnam followed with 4.8 GW, Spain with 4.4 GW and Germany with 3.9 GW. The top 10 is rounded out by Australia, Ukraine and South Korea with more than 3 GW each in 2019

Asia holds the continental lead with 57 percent of the world market — as countries such as South Korea, Taiwan and Malaysia have compensated for the market declines in China and India.

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