We’ve just noticed the new results of Renewables 2015 Global Status Report, and we want to share with you some good news about it.

In 2014, solar PV marked another record year for growth, with an estimated 40 GW installed for a total global capacity of about 177 GW. Solar PV is starting to play a substantial role in electricity generation in some countries as rapidly falling costs have made unsubsidised solar PV-generated electricity cost-competitive with fossil fuels in an increasing number of locations around the world.

PV industry

China, Japan, and the United States accounted for the vast majority of new capacity. The solar PV industry recovery that began in 2013 continued in 2014, thanks to a strong global market. Consolidation among manufacturers continued, although the flood of bankruptcies seen over the past few years slowed to a trickle. To meet the rising demand, new cell and module production facilities opened (or were announced) around the world.

You can read more information at: Renewables 2015 Global Status Report