13 Apr '12, 9am

Distributed Solar PV to Increase 18% p.a. to 2015, Growing Pains Notwithstanding

Solar photovoltaic (PV) systems were the fastest growing renewable energy technology worldwide between 2006 and 2010. A forecast from Pike Research foresees the global market for distributed solar energy generation expanding at a compound annual growth rate (CAGR) of 18% out to 2015, with revenue increasing from $66 billion in 2010 to more than $154 billion. Total installed distributed PV generation capacity increase from 9.5 gigawatts (GW) to more than 15 GW. Financial incentives from governments around the world have provided the impetus for a growing, wholesale shift away from fossil fuel energy to development of clean, renewable energy resources. That impetus is shrinking, however. Ballooning government budget deficits and debt associated with bailing out the banking system and counteracting the recession of 2008-2009, along with a host of other factors now threatens t...

Full article: http://cleantechnica.com/2012/04/13/distributed-solar-pv-...

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