However, third-quarter figures from Make show a 2GW downgrade on previous forecasts for the period 2019 to 2025, primarily due to policy announcements in the UK and Poland.

This downgrade, however, does not have a significant impact on the global outlook as the ten year compound annual growth rate of the industry is maintained from the second-quarter outlook.

Make says there was minimal change to the outlook for the Americas from the second-quarter analysis, with adjustments exclusively caused by the dynamics in Latin America, representing a downgrade of less than 1%.