Snapshot of photovoltaics—February 2019

Abstract

Over the last two decades, grid-connected solar photovoltaic (PV) systems have increased from a niche market to one of the leading power generation capacity additions annually. In 2018, over 100 GW of new PV power capacity was added. The annual PV capacity addition in 2018 was more than the total cumulative installed PV capacity installed until the mid of 2012. Total installed PV power capacity was in excess of 500 GW at the end of 2018. Despite a 20% decrease in annual installations, China was, again, the largest market with over 44 GW of annual installations. Decentralized PV electricity generation systems combined with local battery storage have substantially increased as well.