Climate Changed
The Solar Market Could Contract for the First Time Ever
- Installations may slip 3% in 2018 under conservative model
- BNEF forecasts three scenarios for solar installations
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The global solar market could do something this year that it’s never done before: shrink.
Solar installations in 2018 may total 95 gigawatts, down 3 percent from a year earlier, based on the most conservative of three scenarios modeled by Bloomberg NEF in a report Monday. For comparison’s sake, the typical nuclear reactor has about a gigawatt of capacity.