Climate Changed
World's Solar Is About to Hit 100 Gigawatts, Thanks to China
- Prices seen rising in other countries amid tight panel supply
- Projects outside China ‘might be delayed or even canceled’
Chinese workers install a solar panel project on the roof of a 47 story building in Wuhan, China on May 15.
Photographer: Kevin Frayer/Getty Images
This article is for subscribers only.
Solar is about to hit a milestone: Global installations are set to reach 108 gigawatts next year thanks to China, IHS Markit Ltd forecasts show.
Strong government support for clean energy in China, the world’s biggest market for solar, will continue to boost demand for panels, the London-based research company said in a report Thursday. The country’s hunger for renewables is so strong that almost half of the world’s panels are now destined for use there next year.