27 Jul '11, 2pm

Key Asian Pacific Markets Primed for PV Growth

Now the region is expecting a major boom in PV demand as well. In 2010, the region, which includes China, Japan, India, Australia and South Korea, accounted for 11 percent of global demand. In 2015, that number is expected to spike to 25 percent, according to a new report released Wednesday by Solarbuzz . China There are signs that China is moving well beyond the role of manufacturer. The nation’s manufacturing base currently accounts for 50 percent of global production. Those manufacturers are expecting to tap into a growing domestic market as well with nearly 10 GW in the project pipeline. On-grid installations in China are projected to double in 2011 as incentive policies increase the pace of large and utility-scale PV installations. In 2010, 85 percent of demand in China was from projects larger than 1 MW and the latest temporary on-grid tariff announcement in Qinghai ...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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