23 Nov '11, 7pm

China set to surpass U.S. in solar installation

Cross-posted from Climate Progress . With European solar markets in decline, the industry is looking for the next hot solar region. Even with political troubles in the U.S., companies still see America as a good long-term bet. (And let's remember, Europe's slowdown doesn't mean the region is going to stop being a major player.) But analysts now see the Asia Pacific solar market as the Next Big Thing, driven largely by growing domestic demand in China. For the first time this year, China may surpass the U.S. market, according to analysis from NDP Solarbuzz . Historically, that country has been a supplier of solar technologies, not an installer. But that trend is shifting. Most of the growth -- particularly in the second half of 2011 -- is being driven by China and India. These countries hold the most promise due to their sheer size. But they are also very immature markets, ...

Full article: http://www.grist.org/solar-power/2011-11-23-chinas-2011-s...

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