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* Growth capacity of 10 to 12% over the next two years
* Growth caused by lower panel costs and policy support
* Graph of solar capacity growth: https://tmsnrt.rs/2UyT2mB
SINGAPORE, March 14 (Reuters) – Utility-scale solar power generation capacity is expected to grow at double-digit rates worldwide in 2019 and 2020, due to expansions in the United States. United, Europe, the Middle East and China, announced Thursday the US bank Goldman Sachs.
Solar energy is the fastest growing source of electricity generation, taking its share of the fossil fuel market such as thermal coal and natural gas, with governments and companies defining more and more energy. in addition to clean energy goals.
"We expect that the combination of lower costs for solar energy and favorable political support, providing a multi – year track at utility scale, will lead to a significant increase in market, "said the US investment bank in a research note.
Goldman said it expects utility-scale solar installations to reach 108 gigawatts (GW) by 2019, an increase of 12 percent over the previous year, and then increase. by 10% in 2020 to reach 119 GW.
For 2021 and 2022, the capacity of the bank is expected to reach 129 GW and 135 GW.
Large scale solar is defined as a facility designed solely to power grid electricity, unlike small scale residential solar units.
If residential facilities are included, most badysts predict that global solar power capacity will soon reach 600 GW.
"We expect the strongest growth to materialize in key regions such as the United States, Europe and the Middle East, while we expect upside potential in China, where demand appears to be growing. 39; be stabilized in recent months as a result of a collapse of the end of the year. 2018, "he added.
Solar energy is booming, not only because of government and corporate sustainability goals, but also because of the sharp decline in panel prices in recent years.
Solar panel costs have risen from about $ 70 per watt of electricity produced in 1980 to $ 0.36 per watt in the United States, according to the Wood Mackenzie Energy Council.
With the solar energy boom, Goldman said the solar companies were "selectively constructive," with First Solar, Canadian Solar, Vivint Solar, Long Green Energy Technology and Tongwei posting strong performance.
(Report by Henning Gloystein, edited by Richard Pullin)
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