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China solar resurgence underestimated by analysts

Solar installations will continue their rise into the start of the decade, according to analysts at IHS Markit, with an additional 142 GW forecast for 2020. We agree that this will be led by the globalization of the market, but the report suggests a dwindling market share in China, with lower installations through the 2020s than seen in the previous decade, as the country pushes to eliminate subsidies. With PV costs still on the decline, this is more likely to cause a brief moratorium than a long-term slump, and the report may be underestimating the extent to which solar will resurge in China. The report indicates that annual installations will continue to rise, with 2020 seeing 14% more installations than…

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