19 Mar '12, 1pm

Worldwide Solar PV Market Grew in 2011: Filed under: Energy News

Worldwide Solar PV Market Grew in 2011: Filed under: Energy News

Worldwide solar photovoltaic (PV) market installations reached a record high in 2011 — 27.4 gigawatts (GW), an increase of 40% year over year — according to the 2012 Marketbuzz report released Monday by NPD Solarbuzz. This is a report filled with numbers, as this article will also be. So, if you just want the good summary of it all, it’s that it’s clear demand for solar photovoltaic systems was up in 2011 and looks ready rise even higher throughout much of the world in 2012. In particular, countries outside the 2011 top 10 are expected to start stealing market share soon. The second half of 2011 saw a strong demand for photovoltaic systems ahead of a cut in incentives in several leading countries. This partially made up for the overproduction of solar panels in the first half of the year. 2011 was also a year in which demand in Asian markets for PV grew considerably and Ch...

Full article: http://cleantechnica.com/2012/03/19/worldwide-solar-pv-ma...

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2011

2011

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