{"id":45440,"date":"2018-06-13T08:30:06","date_gmt":"2018-06-13T06:30:06","guid":{"rendered":"https:\/\/www.vpsolar.com\/?p=45440"},"modified":"2021-12-20T15:12:29","modified_gmt":"2021-12-20T14:12:29","slug":"global-grow-of-photovoltaic-solar","status":"publish","type":"post","link":"https:\/\/www.vpsolar.com\/en\/global-grow-of-photovoltaic-solar\/","title":{"rendered":"Global grow of Photovoltaic Solar"},"content":{"rendered":"<p>Solar power represent the highest share in investments in renewable energies in the world that are evenly shared between domestics and large scale plants. PV is a key factor for the phase out of the carbon-based energy and can be applied almost everywhere on the planet.<\/p>\n<h2>Market Overview<\/h2>\n<p>According to the International Renewable Energy Agency (IRENA) the global installed PV power capacity at the end of 2017 has been close to 400 GW; the EU\u2019s share is about one fourth of the installed capacity, which can provide about 4% of its electricity demand.<\/p>\n<p>The increase of installed capacity in 2017 is about 30% compared with the previous year!<\/p>\n<h2>Installed capacity [MW]<\/h2>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-45441 alignnone\" src=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Installed-capacity-MW.jpg\" alt=\"\" width=\"600\" height=\"353\" srcset=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Installed-capacity-MW.jpg 600w, https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Installed-capacity-MW-300x177.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<h2>Cost of PV installation<\/h2>\n<p>\u00bb Is continuing to decrease, also forecast up to 2025 says that. Customers will take benefit from this price reduction together with the environment<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-45443 alignnone\" src=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Cost-of-PV-installation.jpg\" alt=\"\" width=\"600\" height=\"416\" srcset=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Cost-of-PV-installation.jpg 600w, https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/Cost-of-PV-installation-300x208.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/p>\n<h2>Generation cost $\/MWh<\/h2>\n<p>\u00bb With data extrapolated from the <strong>Solar Power Europe Report 2017<\/strong> it can be seen that now, in the utility scale, PV cost is competitive with fossil fuels and nuclear.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-45445 alignnone\" src=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/General-cost.jpg\" alt=\"\" width=\"205\" height=\"236\" srcset=\"https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/General-cost.jpg 400w, https:\/\/www.vpsolar.com\/wp-content\/uploads\/2018\/06\/General-cost-300x344.jpg 300w\" sizes=\"auto, (max-width: 205px) 100vw, 205px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solar power represent the highest share in investments in renewable energies in the world that are evenly shared between domestics and large scale plants. PV is a key factor for<\/p>\n","protected":false},"author":1,"featured_media":45448,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[141],"tags":[3190,3191,3427,3189,3192],"class_list":["post-45440","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-en","tag-irena","tag-photovoltaic-solar","tag-pv-installation-en","tag-renewable-energy-agency","tag-solar-power-europe-report"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Global grow of Photovoltaic Solar<\/title>\n<meta name=\"description\" content=\"Solar power represent the highest share in investments in renewable energies in the world that are evenly shared between domestics and large scale plants. Global growth is increasingly evident\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.vpsolar.com\/en\/global-grow-of-photovoltaic-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global grow of Photovoltaic Solar\" \/>\n<meta property=\"og:description\" content=\"Solar power represent the highest share in investments in renewable energies in the world that are evenly shared between domestics and large scale plants. 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