Global Market Outlook For Solar Power 2021 - 2025Supported by: 10IEA (2020): World Energy Outlook 2020.© CWF — The mounting system of this solar field has been designed and manufactured by CWFWith its unique composition and protective performance,Magnelis® is the leading coated steel for solar mounting structures.For racks and purlins, Magnelis® steel (ZM310) offers an expected lifetime of more than 30 years in C3 environments. This performance has been certified by independent bodies.Magnelis® steel (ZM430) can be used for foundations in soil or concrete.A guarantee up to 25 years is possible based upon a local soil analysis.Protected by Magnelis® industry.arcelormittal.com/magnelisAs your investment deserves a long lifeMagnelis®Global Market Outlook For Solar Power 2021 - 20253Foreword Welcome to the Global Market Outlook for Solar Power 2021-2025. Nobody could have predicted a year ago that solar would manage so smoothly through a devastating global pandemic, and yet, despite the fact that COVID-19 has persisted longer than expected, global demand for solar did not shrink at all. Instead, surprising us yet again, solar reached a new annual record of 18% growth, with 138 GW installed in 2020. The success of solar is due to many factors. A primary one is its cost leadership, which continues to improve without an end in sight. Another is its versatility: solar covers an unmatched spectrum of power applications from very small residential systems to very large utility-scale plants, individual installations to building-integrated solutions in carports, apartment houses or agricultural green houses. There are also mobile applications and off-grid systems for rural electrification. Finally, no other power p...
