A report from the Boston consultancy forecasts that the sector will expand to 35GW this year before ramping up towards 61.7GW by 2018 - a 10.5% compound annual growth rate (CAGR).
“Manufacturers’ nightmare is turning into a long-term boon for the industry. Record low prices pushed gross margins to near zero or below, but they’ve made solar installations competitive in more markets,” says lead author Ed Cahill.
“Supply
