Mercom keeps 57.4-GW global solar installs forecast for 2015

US-based researcher Mercom Capital Group LLC on Monday reaffirmed its previously upgraded guidance for 2015 global solar installations of 57.4 GW that would mark an year-on-year rise of some 25% to 30%

“Despite deteriorating macro-economic conditions in China and the recent downtrend in solar stocks, the market is on pace to reach about 57 GW this year,” said Raj Prabhu, CEO and co-founder of Mercom.

The table below shows Mercom’s forecast for total solar installations in the top five markets this year.

Mercom noted that both the Japanese and UK solar sectors are likely to decline after the end of 2015 as their respective governments cut their feed-in tariffs (FiTs). In the US, the researcher expects consolidation activity to pick up ahead of the reduction of the federal Investment Tax Credit (ITC) at the end of 2016.

Meanwhile, Germany is seen to install just about 1.3 GW of solar in 2015 for a 32% year-on-year fall, meaning that it will record one of the worst years for solar deployments in the country, Mercom added.

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