Research firm analyzes compound annual growth rate for solar PV

Lucintel’s analysis of the global solar PV industry claimed that the compound annual growth rate in installations from 2011 to 2016 would be 28%.

That would take the industry to a market value of $105 billion in that year, based on 33,600MW of installations.

Cumulative installations by the end of 2016 would be 190,800MW, Lucintel said.

In 2010, installations were 16,565MW, valued at $75 billion.

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