It’s a new year. That means new projections for what the solar industry will look like in 2019.
Last year was a weak one for solar. While research firms like Wood Mackenzie Power & Renewables found that the market reached new heights — Bloomberg New Energy Finance even calculated that projects exceeded 100 gigawatts for the first time ever — a pullback from China meant growth was much more moderate than in recent years.
In 2019, analysts expect the industry to once again add more capacity than in years previous. But this year is unlikely to mimic the shocking growth rates of a year like 2016. The solar industry is moving towards what is expected to be sustainable growth, rather than relying on drastic spurts of capacity additions.
“We’ll see less in the way of boom and bust in global markets as installations are spread more evenly,” said Tom Heggarty, a senior solar analyst with Wood Mackenzie Power & Renewables. “It should mean installations are a bit less spiky and there’s less uncertainty in the global market as a whole.”
Keep reading for a breakdown of the various projections for the year in solar, and the themes and trends shaping how much capacity is expected to come online.