German solar installations topped 3GW in 2018

first_img FacebookTwitterLinkedInEmailPrint分享Greentech Media:Germany’s solar market witnessed its strongest growth in half a decade during 2018, adding almost 3 gigawatts of capacity, according to industry figures.The German solar association Bundesverband Solarwirtschaft (BSW) said the 2018 figures represented a 68 percent increase over those for the previous year. The capacity additions mean there are now 46 gigawatts of solar power installed across the country.This makes Germany the fourth-largest PV market in the world. Germany ranks behind China, which has 174 gigawatts of solar capacity, the U.S., which has 63 gigawatts, and Japan, which has 60 gigawatts, the Associated Press reported.Tom Heggarty, senior solar analyst at Wood Mackenzie Power & Renewables, said much of the growth in 2018 was from commercial and industrial energy consumers. Along with residential PV system owners, these companies benefit from feed-in tariffs for solar energy, he said.Wood Mackenzie Power & Renewables expects between 3.3 gigawatts and 4.1 gigawatts of solar to be installed per year in 2021 and 2022, compared to an annual average of around 1.6 gigawatts between 2014 and 2018. The upward momentum in Germany’s solar market is being helped by significant reductions in the cost of technology. Global PV module prices fell by around 30 percent between 2017 and 2018, said Heggarty.More: Germany sees solar installations spike to nearly 3GW in 2018 German solar installations topped 3GW in 2018last_img

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