Insight
Coronavirus: Disruption will reduce 2020 global solar PV additions by 18%
Report summary
The outbreak of the coronavirus (COVID-19) pandemic will have a significant impact on the global solar PV market. Construction and development activities are slowing down as countries around the world enforce unprecedented lockdowns. Against the backdrop of severe economic disruption, we have downgraded our forecast for 2020 installations from 129.5 GW to 106.4 GW, a reduction of 18%. Next year will be a challenging one for solar as well. We assume that the economic damage caused by the pandemic and concurrent crash in oil prices will tip the world into recession in 2020. Although we expect a strong economic recovery next year, projects that should be delivered in 2021 are being developed and financed today. When the recession hits, not all activity will go ahead as planned.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Market Report
Global solar PV operations and maintenance (O&M) economics 2023
Key pricing trends from leading surveyed providers in the O&M market, major trends affecting O&M spend, and regional cost segmentation.
$5,990
Commodity Market Report
Global solar PV market outlook update: Q1 2024
Quarterly deliverable covering global solar PV market trends, changes in the quarterly outlook, and regional dynamics across the world.
$5,990
Market Report
Global solar PV operations and maintenance (O&M) service provider dynamics 2023
Rankings and analysis of key regional solar O&M vendors across regions, covering 12 targeted countries in Europe, America and Asia-Pacific
$5,990