As I have discussed previously, the PV industry is characterized by boom and bust. The GTM article highlights how this trend is continuing. As the article discusses, China is expected to reduce annual installations at least out to 2022. Japan has pulled back. The US will install less in 2017 and with Trump against renewables and the ITC expiring soon the US future does not look bright. GTM is forecasting increased global growth based on India and the developing world. The boom/bust started in Europe and now seems to be a characteristic of all markets. PV will continue to grow, but at a relatively slow rate that will not reduce fossil fuel consumption.
By Edmund Kelly