01 Jan '12, 8am

Italy Set to Surpass Germany as World's Leading Solar Market This Year #sginnovazione

Italy Set to Surpass Germany as World's Leading Solar Market This Year #sginnovazione

After two years at the top, Germany this year is likely to lose its place as the world's top photovoltaic (PV) solar market, slipping to No. 2 behind former runner-up Italy, according to an IHS iSuppli PV Market Brief report from information and analysis provider IHS (NYSE: IHS). PV solar system installations in Germany during 2011 are expected to decline to 5.9 gigawatts (GW), down 20 percent from 7.4 GW in 2010. Meanwhile, Italy in 2011 is set to install up to 6.9 GW worth of PV systems, nearly double the 3.6 GW from 2010, as presented in the table attached. "Propelled by residential and institutional investors who support green initiatives as well as sustainable funding, Germany has been the world's leading country for PV installations since 2009," said Dr. Henning Wicht, director and principal analyst for photovoltaics at IHS. "However, installations in the country sta...

Full article: http://www.solardaily.com/reports/Italy_Set_to_Surpass_Ge...

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