Solar eclipses all other new types of electricity generation in 2016 to become the world’s favourite, says GlobalData

Solar has become the world’s favorite new type of electricity generation, with more solar photovoltaic (PV) capacity being installed than any other ge...

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Solar has become the world’s favorite new type of electricity generation, with more solar photovoltaic (PV) capacity being installed than any other generation technology according to GlobalData, a recognized leader in providing business information and analytics.
The company’s latest report update on the GlobalData Power Attractiveness Index (GPAI) confirms that worldwide, approximately 72 gigawatts (GW) of new solar PV capacity was installed in 2016. Wind energy was in second place with 53 GW, followed by coal with 52 GW, gas with 41 GW, and hydro with 31 GW.
The index ranks the major power markets across the globe and helps stakeholders to identify the countries which present the most opportunities in the short-term, based on their performance on macroeconomic and power business indicators.

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