Cumulative capacity of solar PV to reach 500 GW by 2018
Yes, you read that right, according to the latest NPD Solarbuzz Marketbuzz report, there could be up to 500 gigawatts of cumulative solar photovoltaic installed capacity by 2018.
Still to Solarbuzz, 300 gigawatts of new solar PV are to be installed in the next five years, as solar increases to three percent of total global power supply. So if the figures look huge they still mean very little…
As RenewEconomy reports, solar PV installations that year could reach a massive 100 GW, compared to “only” 37.5 GW last year, and forecast capacities of 46 GW in 2014 and 56 GW in 2015.