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34.5 GW Of Solar In 2013, Mercom Capital Projects

by Zach March 16, 2013
written by Zach March 16, 2013
34.5 GW Of Solar In 2013, Mercom Capital Projects

I’ve seen two or three projections for new solar power capacity in 2013. They seem to be hovering between 30 GW and 35 GW. Mercom Capital Group is reportedly projecting 34.5 GW.

Former Maldives President Nasheed installing solar panels on his home. Photo Credit: 350.org/ Mohamed Ali (some rights reserved)

Former Maldives President Nasheed installing solar panels on his home. Photo Credit: 350.org/ Mohamed Ali (some rights reserved)

Mercom is attributing the solar power growth to low solar module prices as well as strong policies and potential in China, India, and Japan. As I just reported, India is aiming to add 8 GW of solar power by 2017. China is allocating $2 billion for solar power projects included in its Golden Sun Program, and is also giving out direct subsidies of 40 cents per watt. Meanwhile, Japan has a strong feed-in tariff for solar that has gotten its biggest banks into the solar game and bullish on the emerging market (not to mention citizens and investors from outside Japan).

The U.S., as I reported this week, is also looking to have a record year. It seems likely that more solar power will be added to the grid than any type of power other than natural gas.

Furthermore, while European leaders, including world leader Germany, won’t have a good a year as the past few, Europe will still install a good bit of solar power capacity.

What do you think — is 34.5 GW a bit high, too low, or just right?

chinaEUEuropeIndiaJapanMercom CapitalMercom Capital GroupUSworld solarworld solar growth
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Zach

is the director of CleanTechnica, the most popular cleantech-focused website in the world, and Planetsave, a world-leading green and science news site. He has been covering green news of various sorts since 2008, and he has been especially focused on solar energy, electric vehicles, and wind energy since 2009. Aside from his work on CleanTechnica and Planetsave, he's the founder and director of Solar Love, EV Obsession, and Bikocity. To connect with Zach on some of your favorite social networks, go to ZacharyShahan.com and click on the relevant buttons.

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