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Concentrated Photovoltaic Solar Installations Set to Boom in the Coming Years

Home/Green Technologies, Solar News, Solar Ventilation, Ventilation Accessories/Concentrated Photovoltaic Solar Installations Set to Boom in the Coming Years

Concentrated Photovoltaic Solar Installations Set to Boom in the Coming Years

After years of slow progress, the global market for concentrated photovoltaic (CPV) systems is entering a phase of explosive growth, with worldwide installations set to boom by 750 percent from 2013 to the end of 2020.

CPV installations are projected to rise to 1,362 megawatts in 2020, up from 160 megawatts in 2013, according to the new report entitled “Concentrated PV (CPV) Report – 2013” from IHS. Installations will expand at double-digit percentages every year through 2020, as presented in the attached figure.

 

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By | 2017-01-17T16:30:58+00:00 December 17th, 2013|