In the peak boom year of 2011, Europe installed 22.7 gigawatts of new solar capacity — with Italy alone putting up a remarkable 9 gigawatts. That same year the U.S. installed 1.8 gigawatts. But the European market then crashed hard, slumping to a low of 7 gigawatts in 2016, WoodMac reported.
According to GreenTechMedia, today, however, Europe stands on the cusp of a gravity-defying rebound. WoodMac forecasts 18.8 gigawatts of installations in 2019, up from 10.7 gigawatts last year. By 2022 the market is expected to hit nearly 25 GW and remain above 20 gigawatts for the foreseeable future.
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Date: Jun 28, 2019 @ 16:30
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