19 Mar '12, 11am

2011

2011

Incentive Cutbacks in Europe, Falling Prices, Create Major Corporate Challenges in 2012 SANTA CLARA, Calif.—March 19, 2012 —Worldwide solar photovoltaic (PV) market installations reached a record high of 27.4 gigawatts (GW) in 2011, up 40% Y/Y, according to the annual PV market report, 2012 Marketbuzz ® issued today by NPD Solarbuzz. Overall market growth in 2011 was boosted by strong second half demand ahead of further deep cuts in solar incentives. This followed a period of over-production in the first half that triggered the sustained price decline through the PV chain that came to characterize 2011. The dominance of Chinese manufacturers in crystalline silicon wafers, cells and modules grew, the share of thin film declined, and demand in Asian markets grew rapidly. The PV industry generated $93 billion in global revenues in 2011, up 12% Y/Y, while the industry successf...

Full article: http://www.solarbuzz.com/our-research/recent-findings/wor...

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Worldwide Solar PV Market Grew in 2011: Filed under: Energy News

Worldwide Solar PV Market Grew in 2011: Filed u...

cleantechnica.com 19 Mar '12, 1pm

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