Solar PV farms in the range of 250 KW- 5 MW account for half of undergoing projects

NPD Solarbuzz has reported the solar photovoltaic (PV) projects between 250 kilowatts (kW) and five megawatts (MW) now account for almost half of the yet-to-be-completed 4,300 commercial and utility projects within the leading PV countries. Further findings shared by NPD Solarbuzz includes: The leading countries for solar PV demand now include five major countries in the Asia-Pacific region (i.e., China, Japan, India, Thailand, and Australia), four European countries (i.e., Germany, U.K., Italy, and France) and North America (i.e., United States and Canada). Collectively, these end-markets are expected to provide more than 80% of global solar PV demand during the next five years. The total project pipeline for the leading solar PV countries has reached almost 95 gigawatts (GW), with the largest projects, in excess of 50 MW, making up 68% of the total capacity on offer, although there are currently less than 500 such projects in the pipeline. "While projects in excess of 50 megawatts account for most of the solar PV pipeline capacity, smaller projects up to five megawatts can typically be approved and completed within a matter of months, making this segment particularly interesting to suppliers and developers," according to Chris Beadle, analyst at NPD Solarbuzz. China, Japan, and the United States are expected to drive new solar PV capacity deployment over the next ...