France, Germany, Spain and the Netherlands will reach the installation capacity by 2018. In general, it is expected that the global market will increase from 2017 to 2022. It will be able to produce 606 GW of new solar panels. Solar energy demand in Europe will increase by 35% to 2018. Spain and the Netherlands are the main demand for solar panels, which are planning to implement the largest projects in the next two years. It is expected that they will respectively make 1.4 GW and 1 GW. Germany and France will exceed the threshold of 1 GW. And only Great Britain will not join this club in 2017 or 2018.
As for Latin America, the demand for solar energy will double in 2018, as Brazil and Mexico exceed the “GW”. And since Mexico is now a favorable environment for the development of renewable energy sources, it will boost demand for solar panels in the region over the next five years.
Egypt, as well as South Korea and Australia, will reach a powered GW in 2018. In general, it is expected that the global market will increase from 2017 to 2022. It will be able to produce 606 GW of new solar panels. It is also expected that the full transition to renewable energy will take place by 2050. The new study proves convincingly that energy, based on renewable sources, is not only possible, but economically more profitable than the hydrocarbon.