IEA: rapid development of solar energy in EU will compensate decline in China

The International Energy Agency (IEA) has fixed the global growth of solar and wind power and other clean energies at double digits for this year. 200 GW of new clean energy capacity is expected to be installed by the end of 2019. The largest part of the new capacity will come from solar energy with 115 GW, despite a small contraction in the China market.

According to the IEA, the rapid development of solar power in all EU member states, in particular in Spain, will compensate for the fall in new installations in China. The IEA has also identified Vietnam, India, the US and Japan as markets with rapidly expanding solar energy markets. As for oil, the IEA remains optimistic about demand.