World installed 40-42 GW of PV in 2014

Solar modules. Featured Image: Jackiso/Shutterstock.com

Jan 26, 2015 (SeeNews) - Global solar photovoltaic (PV) capacity additions in 2014 were between 40 GW and 42 GW, up from 37 GW in 2013, according to the recently-formed PV Market Alliance.

Utility-scale projects remained the main growth driver, but emerging business models that engage electricity consumers are resulting in a resurgence of distributed generation PV deployment around the globe, the organisation said on Thursday. The exact figures for the year are yet to be calculated based on actual installations for the fourth quarter.

In 2014 the PV market saw strong progress in Asia, the Americas and South Africa. More specifically, China was again the top solar installer with between 10.5 GW and 12 GW deployed for the year, up from 9.5 GW in 2013. Japan came second with over 9 GW.

The US reached approximately 6 GW of new capacity last year, the PV Market Alliance said. Installations in Europe stood at about 7 GW, with the UK and Germany being the most important markets. The European solar market has been on the slide for three years now.

The 2014 PV total includes 3 GW from several major emerging markets, namely South Africa, India, Thailand, Chile, Mexico and Turkey.

The PV Market Alliance was set up in 2014 by PV and CPV experts from Asia, Europe, Latin America and the US.

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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