Solar Outlook 2017: The
Global Market Marches On
According to most analysts 2017 will shake
out to be a very good year for solar in terms
of deployment and expansion. Installed capacity
worldwide will most likely top 70 GW.
Close-up of solar panel.
Credit: Creative Commons.
JENNIFER RUNYON, Chief Editor
In 2017 PV module prices dropped again mostly due to a glut
of Chinese made modules that entered the market unexpectedly. According to a recent U.S. DOE SunShot report, analysts have reported modules quotes between $. 40 and $. 50 per
watt and some in the industry have seen quotes below $. 40 for
2017 delivery. 2017 also saw record low tenders for projects in
India, Dubai and Chile.
“Solar has moved to a point where it’s competitive with traditional other power options,” said Brian Carey, US Cleantech
Advisory Leader at PwC in an interview.
David Feldman, Senior Financial Analyst with the Nation-
al Renewable Energy Laboratory (NREL), said that he
wouldn’t be surprised if
2017 was a good year, given
the fact that panel prices are
dropping so rapidly and peo-
ple are pushing for aggres-
“I could see that translating into very low system prices,” he said adding “if you
think about the fact that solar
is locking in electricity for the
next 20-30 years it looks very
competitive to other sources of
generation in the long term.”