23 Aug '11, 4pm

No More Doom And Gloom? Huge Surge In PV Installs Predicted For This Year

Despite a very weak start for the sector, more than 22 GW of new global PV capacity will be added by the end of the year, according to a new report from IMS Research. The company has increased its PV capacity forecast for the full year by more than 1 GW. The company cited growing demand in all major markets - most notably in Asia and the Americas - as well as a pick-up in the sluggish German market, and it projects that installations in the second half of the year will be nearly double that seen in the first six months. IMS Research's latest global demand report, which analyzes installations rather than registrations or connections in more than 60 downstream markets, predicts that demand will grow rapidly in the second half of this year due to rapidly falling module prices, incoming incentives in new markets and planned year-end cuts in existing markets. "Although installa...

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

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