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Global Solar Capacity Grows Significantly In 2017

Those of you with an interest in solar power will be pleased to hear that on a global basis solar capacity increased by a considerable amount in 2017. However, this was not something that the UK benefitted from.

According to the Global Market Outlook for Solar Power 2018 to 2022 report published recently by SolarPower Europe, last year the total amount of installed solar capacity around the world rose to a cumulative figure of 99.1 GW. Presumably, by the end of 2018, we will see this figure exceed 100 GW.

It is interesting that China accounted for more than 50% of the amount of installed solar capacity on a cumulative basis in 2017. In the last couple of years, China has certainly made huge strides in the volume of solar capacity that it has installed. The USA, on the other hand, has seen a drop in the amount of solar capacity installed when comparing 2017 with 2016.

However, it is very disappointing to hear that the number of new solar panel installations in the UK dropped by around a half in 2017. This is indeed concerning news and it is being suggested within certain areas of the solar power industry that the Government should be doing an awful lot more to assist the solar power industry here in the UK. This news is concerning especially when you consider that 21 of the 28 markets within the European Union actually increased their solar capacity last year in comparison to the previous 12 months.

It is to be hoped that here in the UK we see a turnaround in the fortunes of many businesses involved in the solar power sector as there have been significant job losses seen within the solar power industry. After all, we have stretching targets to meet with regard to the lowering of carbon emissions by 2020. We will continue to keep our readers updated as to how we do in this respect.

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