Forecast: Worldwide Solar Capacity to Reach 66 GW by 2019
BOSTON, Aug. 26, 2014 — The global solar power industry will grow to a capacity of 65.6 gigawatt-peak (GWp) by 2019, with China at the forefront, the market analysis firm Lux Research predicts. Worldwide solar power capacity stood at a 37.5 GWp in 2013, meaning Lux Research predicts a compound annual growth rate (CAGR) of 8.3 percent for the industry. China became the biggest solar market in the world in 2013, with capacity of 11.8 GWp, and has been key to faster-than-expected global recovery, Lux said. The