Solar power Europe Global Market outlook

China, US, India, Japan & Vietnam were the top 5 in terms of newly installed capacity of 30.11 GW, 13.3 GW, 8.8 GW, 7 GW and 6.5 GW, respectively 2020 forecast has been lowered by 32 GW from SPE’s previous forecast of 144 GW to 112 GW now due to the pandemic’s impact.

An unstoppable force registering annual growth every single year since 2015, and reaching double digit addition of 116.9 GW of 2019 growing 13% over 103.7 GW in 2018, the global solar market has finally hit a strong bump in the form of COVID-19 pandemic.