This post is one in a series of feature stories on trends that shape advanced energy markets in the U.S. and around the world. It is drawn from Advanced Energy Now 2017 Market Report, which was prepared for AEE by Navigant Research.
In 2016, the solar PV industry set a record with an estimated 77.2 GW of new capacity installed around the world – 52% above 2015’s installation figure of 51 GW. That does not mean the year was an easy one for the industry. Pricing pressure on manufacturers and developers alike kept revenue growth from matching the rate of deployment. Still, the global market grew 35% in 2016, to $131.8 billion.