{"id":85883,"date":"2019-06-05T08:30:35","date_gmt":"2019-06-05T13:30:35","guid":{"rendered":"https:\/\/www.solarpowerworldonline.com\/?p=85883"},"modified":"2019-12-09T14:00:12","modified_gmt":"2019-12-09T19:00:12","slug":"trending-in-installations-solar-market-bounces-back-from-sluggish-2018","status":"publish","type":"post","link":"https:\/\/www.solarpowerworldonline.com\/2019\/06\/trending-in-installations-solar-market-bounces-back-from-sluggish-2018\/","title":{"rendered":"Solar market bounces back from sluggish 2018 <br><span style='color:#404040;font-weight:600;font-size:15px;'>2019 Trends: A Solar Power World special feature<\/span>"},"content":{"rendered":"<p>The global solar market slowed last year, mainly due to the world&#8217;s largest PV market limiting development. In June 2018, the Chinese government <a href=\"https:\/\/www.solarpowerworldonline.com\/2018\/06\/why-chinas-abrupt-halt-on-solar-development-may-affect-u-s-module-buyers\/\">cut off state-funded utility-scale solar development<\/a>, which dropped the country&#8217;s total solar projects to 45 GW for the year after being forecasted to bypass 52 GW. IHS Markit expects the <a href=\"https:\/\/www.solarpowerworldonline.com\/2019\/04\/ihs-predicts-the-united-states-will-overtake-india-as-second-largest-pv-market-in-2019\/\">global market to rebound<\/a> from single-digit to 25% growth this year, mostly because of markets outside of China. In fact, the United States should overtake India as the second-largest PV market this year, rebounding from its own downturn.<\/p>\n<div id=\"attachment_85884\" style=\"width: 510px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/05\/us-graph.png\"><img aria-describedby=\"caption-attachment-85884\" decoding=\"async\" loading=\"lazy\" class=\"size-medium wp-image-85884\" src=\"https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/05\/us-graph-500x274.png\" alt=\"\" width=\"500\" height=\"274\" srcset=\"https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/05\/us-graph-500x274.png 500w, https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/05\/us-graph-368x202.png 368w, https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/05\/us-graph.png 884w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><p id=\"caption-attachment-85884\" class=\"wp-caption-text\">Credit: Wood Mackenzie\/SEIA<\/p><\/div>\n<p>Policy changes and lingering uncertainty around solar panel tariffs saw the U.S. solar market drop 2% in 2018, but strong residential solar interest and a rush to get projects in before the federal ITC begins to step-down have encouraged <a href=\"https:\/\/www.solarpowerworldonline.com\/2019\/03\/solar-market-residential-market-rebound\/\">Wood Mackenzie Power &amp; Renewables and SEIA to predict<\/a> 14% growth in 2019. The cumulative U.S. operating PV capacity stands at 62 GW, and an additional 12 GW is expected to be installed this year.<\/p>\n<p>Things are looking even better for domestic power generation. The U.S. Energy Information Administration expects non-hydro renewable energy resources to be the f<a href=\"https:\/\/www.eia.gov\/todayinenergy\/detail.php?id=38053\">astest growing source of domestic electricity generation<\/a> for at least the next two years. U.S. utility-scale solar will grow 10% in 2019 and then by another 17% in 2020. Fueled by wind and solar projects, EIA forecasts electricity produced by non-hydro renewables to increase from 10% of total U.S. generation in 2018 to 13% by 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global solar market slowed last year, mainly due to the world&#8217;s largest PV market limiting development. In June 2018, the Chinese government cut off state-funded utility-scale solar development, which dropped the country&#8217;s total solar projects to 45 GW for the year after being forecasted to bypass 52 GW. IHS Markit expects the global market&hellip;<\/p>\n","protected":false},"author":1401,"featured_media":85023,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":""},"categories":[3004,4787],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Solar market bounces back from sluggish 2018<\/title>\n<meta name=\"description\" content=\"The global solar market slowed last year, mainly due to the world&#039;s largest PV market limiting development. 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In June 2018, the Chinese government cut off\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.solarpowerworldonline.com\/2019\/06\/trending-in-installations-solar-market-bounces-back-from-sluggish-2018\/\" \/>\n<meta property=\"og:site_name\" content=\"Solar Power World\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SolarPowerWorld\/\" \/>\n<meta property=\"article:published_time\" content=\"2019-06-05T13:30:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-12-09T19:00:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.solarpowerworldonline.com\/wp-content\/uploads\/2019\/03\/nrel-stock-house-solar.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"770\" \/>\n\t<meta property=\"og:image:height\" content=\"500\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Kelly Pickerel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@solarkellyp\" \/>\n<meta name=\"twitter:site\" content=\"@SolarPowerWorld\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kelly Pickerel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.solarpowerworldonline.com\/2019\/06\/trending-in-installations-solar-market-bounces-back-from-sluggish-2018\/\",\"url\":\"https:\/\/www.solarpowerworldonline.com\/2019\/06\/trending-in-installations-solar-market-bounces-back-from-sluggish-2018\/\",\"name\":\"Solar market bounces back from sluggish 2018\",\"isPartOf\":{\"@id\":\"https:\/\/www.solarpowerworldonline.com\/#website\"},\"datePublished\":\"2019-06-05T13:30:35+00:00\",\"dateModified\":\"2019-12-09T19:00:12+00:00\",\"author\":{\"@id\":\"https:\/\/www.solarpowerworldonline.com\/#\/schema\/person\/6f941a69e40d7cb71df74979910822c6\"},\"description\":\"The global solar market slowed last year, mainly due to the world's largest PV market limiting development. 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