30 Dec '13, 11pm

Strong Growth Forecast for Solar PV Industry in 2014 with Demand Reaching 49 GW. #SOLAR #NPD Solarbuzz.

Strong Growth Forecast for Solar PV Industry in 2014 with Demand Reaching 49 GW. #SOLAR #NPD Solarbuzz.

Six-month period to March 2014 will result in 22 GW of demand, equivalent to a new 5 MW solar farm installed every hour Santa Clara, Calif., December 23, 2013 —Solar photovoltaic (PV) demand is poised for explosive growth in 2014, and is set to reach 49 gigawatts (GW), up from 36 GW in 2013, according to findings in the latest NPD Solarbuzz Quarterly . “The solar PV industry has reached a critical tipping point, with end-market demand hitting record levels almost every quarter,” added Finlay Colville , vice-president at NPD Solarbuzz. “This growth is being driven by leading module suppliers and project developers that returned to profitability during 2013, and which have now established highly-effective global sales and marketing networks.” Q4’13 will be another record quarter for the solar PV industry, exceeding the 12 GW barrier for the first time ever. Furthermore, dema...

Full article: http://www.solarbuzz.com/news/recent-findings/strong-grow...

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