28 Nov '11, 4pm

Solar in the Asia Pacific Region Booms: China's 2011 Installs May Surpass America's for the First Time

Solar in the Asia Pacific Region Booms: China's 2011 Installs May Surpass America's for the First Time

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, with major regulatory hurdles and a limited downstream installation network, explains SolarBuzz: “As the European markets no longer present certain growth, the Asia Pacific markets are increasingly the focus of international companies looking to expand. Companies seeking to take a share of this growth still face significant hurdles...

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

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