Asia-Pacific set to overtake Europe in solar

The Asia-Pacific region will install 345.33GW of solar capacity by 2025. That’s the finding of a report by GlobalData which stated the region will overtake Europe to become the largest contributor […]

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By Jacqueline Echevarria

The Asia-Pacific region will install 345.33GW of solar capacity by 2025.

That’s the finding of a report by GlobalData which stated the region will overtake Europe to become the largest contributor of solar.

The increase will take place at an annual rate of 16.7%.

South Korea is the major centre for development of solar technology, according to the report.

Its capacity is expected to increase to 6GW in the next decade.

Pavan Vyakaranam, GlobalData’s Associate Project Manager said: “China will be the region’s largest contributor, installing an additional 198GW of solar capacity by the end of the forecast period as the country is aiming for renewables to account for 20% of its total energy mix by 2020.”