28 Feb '13, 6pm

Solar Photovoltaic Demand in 2012 Falls Short of 30-GW Mark

Solar Photovoltaic Demand in 2012 Falls Short of 30-GW Mark

During most of 2012, and also at the start of 2013, many in the PV industry were hoping that final PV demand figures for 2012 would exceed the 30 GW level. Estimates during 2012 often exceeded 35 GW as PV companies looked for positive signs that the supply/demand imbalance was being corrected and profit levels would be restored quickly. Ultimately, PV demand during 2012 fell well short of the 30 GW mark. Despite an environment of declining incentives during 2012, Europe remained the largest regional market with 16.48 GW of PV demand, almost 60 percent of global demand last year, but less than 68 percent of the global demand in 2011 and 82 percent in 2010. The second largest region for PV demand was Asia with 8.69 GW, stimulated by the growth of the Chinese end-market during the second half of 2012. PV demand from the Americas is now segmented across North America (US and C...

Full article: http://www.renewableenergyworld.com/rea/news/article/2013...

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