2014: Record growth for solar sector

Solar power generation hit another global record in 2014. Last year 40GW was connected worldwide, beating the previous year’s record of 38.4GW, according to SolarPower Europe’s new report. China, Japan and the […]

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Solar power generation hit another global record in 2014.

Last year 40GW was connected worldwide, beating the previous year’s record of 38.4GW, according to SolarPower Europe’s new report.

China, Japan and the US led the world’s solar market in 2014, while Europe installed 7GW, with the UK leading the way – contributing 2.4GW.

James Watson, CEO of SolarPower Europe said: “The success of the UK, set to be the largest European market again in 2015, reinforces the evidence solar power is a versatile and cost-efficient energy source in any climate.

“Solar power could grow by 80% in Europe by 2020.”

Michael Schmela, SolarPower Europe’s Executive Advisor said: “If today’s global solar momentum continues and being supported by the right frameworks, we could see over half a Terrawatt (TW) of solar power capacity installed by 2020.”

Solar covers more than 7% of the electricity demand in Germany, Italy and Greece, SolarPower claims.