Canadian Solar sees global solar installs at 100 GW per year  

Posted by Big Gav in ,

ReNew Economy has an article on the future of solar PV takeup - Canadian Solar sees global solar installs at 100GW a year.

The head of Canadian Solar, one of the four biggest solar PV manufacturers in the world, expects the global installation rate of solar PV to treble by the end of the decade to more 100GW a year.

In an interview with RenewEconomy, Shawn Qu, the CEO of Canadian Solar, said the declining costs of solar, and the rising cost of fossil fuels meant that the future of solar was guaranteed, although he had doubts about the future of large-scale centralised grid.

In 2012, the world installed more than 35GW of solar PV, which is expected to increase to around 40GW in 2013. Qu says that in two to three years, he expects to see a 50GW annual run rate, before rising to 100GW a year.

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