Solar PV capacity growing massively allover the world

There is hardly any region which is neglecting the potential of solar PV, unless it has rich oil resources or lacks enough sunshine. Solar PV is a blessing for those regions which have enough sunlight and have large chunks of dryland with no water sources. Market researcher IHS has forecasted the total global solar photovoltaic (PV) capacity to reach 498 gigawatts (GW) in 2019, a 177 percent higher than 2014. “Last year, the market began to shift toward a more supply-driven market, characterized by high utilization rates, following the more demand-driven market that led to PV manufacturing consolidation,” said Susanne von Aichberger, solar industry analyst for IHS Technology, formerly Solarbuzz. “This trend is expected to continue through to 2019, when the utilization rate at module production is projected exceed the peak utilization rate reached in 2010, when the global market experienced explosive growth.”
Source: IHS Marketbuzz, 2015. India is ranked 6th in the above chart. India has increased its solar PV electricity generation target from 20 gigawatts to 100 gigawatts by 2022. Most of the States in India could become power surplus due to installation of solar PV generation farms. There are chances that India might outdo what is...