2016 Solar Renewables Outlook

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What crucial trends are driving the photovoltaic industry?

The maturing photovoltaic (solar) energy market is driven by increased energy demand, international Green politics, the affordability of solar systems and improved solar technologies. We will see global solar installations of almost 60 GW in 2015. The annual growth rate of solar installations from 2000 to 2015 was more than 40%. Globally, solar is a great success story. However, we have seen lots of ups and downs in various local markets. The German market for example dropped 70% in volume in the last three years as a result of national political decisions.



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