IHS Markit: global solar EPC market grew by 34% last year

Solar photovoltaic (pv) net news: according to IHS Markit's solar EPC and O& M provider tracking data, apart from China and other parts of the world last year for nonresidential solar provide engineering, procurement and construction ( EPC) Service market grew by 34%.

the latest version of the tracking report shows there is an increasing dispersion degree, 30 biggest EPC companies a total of 19 gigawatts of solar power installed capacity, the figure accounts for only 21% of the market, slightly less than 23% of the EPC top 30, 2017. Indian companies Sterling & amp; Wilson to occupy the market leader position, its 2017 photovoltaic capacity more than doubled, from last year's 1. 2 gw increased to 2. 7 gw.

　　“ Because Sterling and Wilson in India's growing photovoltaic market continue to maintain the leading position, so the market share rising, & throughout; IHS Markit, solar energy and energy storage research and analysis of manager Josefin Berg said, & other; The EPC solar capacity has increased by 39% last year. However, Sterling and Wilson also benefit from the large overseas projects, the most notable is 1. 2 gigawatts of ABU dhabi Sweihan project. ”

the internationalization in the market's leading EPC companies become a broader trend, in the top 15 of the companies there are seven in more than one region to carry out the project. IHS to Australia, Europe, Middle East and Latin America as the major growth markets except India.

the world's largest solar market growth makes China's leading EPC companies are able to cope with China's 5 & bull; 31 policy, decided to reduce public pv subsidy brought about by the storm. Although change especially electrician new energy sources in xinjiang since 2015 has his head in the to Sterling & amp; Wilson, but it is still a market leader in China, only a slight decline in market share, from $2017 in 1. 1 8%, down from last year. 6%.

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