The Top 5 Countries with the Highest Solar Installation Growth Rates

  Country Growth Rate
1 Spain 104% CAGR
2 Belgium 91.12% CAGR
3 Republic of Korea 74.8% CAGR
4 Portugal 69.44% CAGR
5 Germany 61.79% CAGR
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 Facts
  1. Solar Energy is measured in kilowatt-hour. 1 kilowatt = 1000 watts. 1 kilowatt-hour (kWh) = the amount of electricity required to burn a 100 watt light bulb for 10 hours.
  2. About 30% of total energy consumption in the United States is used to heat water. In one hour more sunlight falls on the earth than what is used by the entire population in one year.
  3. The global solar industry grew 931% over nine years, from an installed capacity of 1428 MW in 2000 to 14730 MW at the end of 2008.
  4. Under a conservative growth scenario, the solar energy industry will grow another 47% by the end of 2012. By 2020, it will have grown over 1427% from 2007 levels.
  5. Projections indicate that 54,122 MW of solar energy capacity will be installed in 2014.
Tags: Business, Finance & Industry, Top 5 Highest, Energy Statistics

Sources:  Green Chip Review: (www.greenchipstocks.com).

List Notes: Data is compounded annual growth rate (CAGR) over 9 years ending 2008.
Countries with the Highest Solar Installation Growth Rates

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