Global PV installation forecast raised to 90GW: IHS Markit

Global PV installation forecast is expected to boom to 90GW this year, according to research from IHS Markit.

Analysts said that the 14% increase compared to last year is expected to come from the market in China, which is now predicted to install 45GW in 2017.

“The biggest changes are seen in China, where both positive revisions to policy support, a larger-than-previously-anticipated first-half of the year, and strong installations activity continuing into the third quarter have moved IHS Markit to raise its forecast for installations in the country,” said IHS Markit.