Global Solar Power annual installation is expected to reach 46.8 GW in 2016 from 19.8 GW in 2011 with a CAGR of 18.7% during the same period

Solar energy is amongst the most reliable and clean energy resources, and proves to be a viable alternative to fossil fuels that are currently responsible for polluting the environment and contributing to global warming. Solar energy is generated through various technologies viz. solar PV, solar thermal, concentrated solar thermal/power, and concentrated PV. In 2010, Europe contributed the highest in the global solar energy market with new installations of 13.4 GW; followed by Asia-Pacific with 2.0 GW and Europe with 1.1 GW. The global solar power annual installation is expected to reach 46.8 GW in 2016 from 19.8 GW in 2011 with a CAGR of 18.7% during the same period. During 2011 – 2016, rest of the world (ROW) constituting Brazil, Israel, and Middle East will explore solar energy and start installations and will experience a CAGR of 18.8% from 2011 to 2016.

To Know More : Solar Power Market by PV, CSP Technologies by Installations, Price, Cost, Trade Trends & Global Forecasts (2011 - 2016)

Global Concentrated Solar Power market to grow at a CAGR of 12.01 percent over the period 2012-2016

The Global Concentrated Solar Power market to grow at a CAGR of 12.01 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in legislations in the Renewable Energy sector. The Global Concentrated Solar Power market has also been witnessing the increase in large-scale CSP production. However, the reduction in FiTs could pose a challenge to the growth of this market.

To Know More : Global Concentrated Solar Power Market 2012-2016