Chinese Solar Growth to Underpin Record Global Expansion in 2014
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Solar developers around the world will install record capacity this year as a thriving Chinese market drives growth, a Bloomberg survey showed as manufacturers in the $102 billion industry began to return to profit.
About 44.5 gigawatts will be added globally, a 20.9 percent increase on last year’s new installations, according to the average estimate of nine analysts and companies. That’s equal to the output of about 10 atomic reactors. Last year new capacity rose by 20.3 percent, after a 4.4 percent gain in 2012.