22 Mar '12, 5pm

The top markets in solar's record-breaking year: #solar #energy #renewables

Worldwide solar photovoltaic market installations reached a record high of 27.4 GW in 2011 - up 40% year-over-year (Y/Y), according to a new report from 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, NPD Solarbuzz says. Additionally, 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. Overall, the PV industry generated $93 billion in global revenues in 2011 - up 12% Y/Y - while the industry successfully raised more than $8 billion in corporate equity and debt. Of the more than 100 countries worldwide covered in the repo...

Full article: http://www.solarindustrymag.com/e107_plugins/content/cont...

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