The global solar photovoltaic (PV) inverters market is set to decline at a compound annual growth rate (CAGR) of 13.2% and reach $3.04 billion in 2023, primarily due to a sharp drop in inverter prices and slowdown in solar PV installations, according to GlobalData, a leading data and analytics company.Read More

The move by China in May this year to slash subsidies for domestic utility-scale solar projects will ultimately benefit developers in the United States that rely on imported solar panels, resulting in revived projects that stalled out in 2018 and more jobs, says data and analytics company GlobalData. We knowRead More

The global solar photovoltaic (PV) inverters market will decline from $6.3 billion in 2017 to $3.7 billion in 2022, with Asia-Pacific (APAC) relinquishing its leading regional share to the Americas over the forecast period, according to GlobalData, a leading data and analytics company. The company’s report: ‘Solar PV Inverters –Read More

Solar has become the world’s favorite new type of electricity generation, with more solar photovoltaic (PV) capacity being installed than any other generation technology according to GlobalData, a provider of business information and analytics. The company’s latest report update on the GlobalData Power Attractiveness Index (GPAI) confirms that worldwide, approximatelyRead More

Cumulative global installed solar photovoltaic (PV) capacity is set to continue its growth from 271.4 GW in 2016 to 756.1 GW by 2025, registering a compound annual growth rate (CAGR) of 13.1%, according to research and consulting firm GlobalData. That definitely sounds great, and while it’s certainly not bad, itRead More

Trina Solar held on to its status as the world’s biggest producer of solar photovoltaic (PV) modules in 2015, producing 4.55 (GW) of crystalline modules, while Canadian Solar claimed second spot with 3.9 GW in 2015, according to an analyst with research and consulting firm GlobalData. Trina Solar’s efforts toRead More

The ambitious Paris Agreement reached at the recent United Nations’ 21st Conference of the Parties (COP21), which ultimately aims to limit the increase in global average temperatures to below 1.5°C from pre-industrial levels, will require substantial efforts from its signatories if the desired results are to be achieved, says anRead More

Non-hydro renewable energy will be the fastest-growing power source in the U.S. over the next decade,  according to consulting firm GlobalData. The report is not surprising considering the current environment, with installed capacity predicted to increase from 121.9 GW in 2015 to 216 GW in 2025, representing a Compound AnnualRead More

After amending its renewable energy law in August 2014, Germany is expected to attain an annual installed capacity of around 1.8 GW in 2015 and will fail to hit the annual solar PV installation target of between 2.4 and 2.6 GW, according to Ankit Mathur, GlobalData’s Practice Head for Power. “ThisRead More

We were mostly excited to write the headline, but here is the story: Solar photovoltaic (PV) became Australia’s largest source of renewable energy in 2014, with a cumulative installed capacity of 4 GW, overtaking wind power, which totaled 3.8 GW, according to research and consulting firm GlobalData. Renewables have becomeRead More