Developing nations add 34 GW solar in 2016, up by nearly 55%
Solar power capacity additions in developing countries jumped from 22 GW to 34 GW in 2016, according to the Climatescope report by Bloomberg New Energy Finance (BNEF), which also shows the cumulative capacity has more than tripled in three years. China is the leader in terms of solar installations with 27 GW added in 2016. India came 2016 in second with 4.2 GW but is now increasing with a faster rate.
The rise of solar is driven by low-priced equipment and new applications such as micro-grids, pay-as-you-go systems and water pumps, among other factors.
The figures from the Climatescope report are for 71 emerging market countries, which account for 32.5% of global GDP and 72.4% of global population. China is the leader in terms of solar installations with 27 GW added in 2016. India comes second with 4.2 GW. BNEF said that Brazil, Chile, Jordan, Mexico, and Pakistan, and nine other nations boosted their photovoltaic (PV) capacity by 100% or more in 2016.
Solar’s share in new power capacity in Climatescope countries for the year was 19%, growing from 10.6% in 2015.
@This article is published by conbio.info 2017-12-03 and has been produced by Lennart Ljungblom. conBio.info is focusing on news that have an impact on bioenergy business as well as bioenergy news with general impact, on line since 2013. Energy supply, energy politics, climate and other environmental, economy issues and the development for different energy markets are of main interest.