World passes 100 GW installed PV capacity mark11. February 2013 | Applications & Installations, Global PV markets, Industry & Suppliers, Markets & Trends, Top News | By: Max Hall
Behind the headline news from the European Photovoltaic Industry Association (EPIA) that the world has passed the 100 GW mark in cumulative installed photovoltaic capacity, is the ongoing story of a shift away from Europe.
With between 30 and 32 GW added globally in 2012 – roughly the same figure as was added in the 2011 boom year – Europe saw just 13 GW of newly installed photovoltaic added, down from 23 GW.
The fact annual installed capacity failed to grow to any significant extent is indicative of the troubles associated with a global oversupply of polysilicon and the trade disputes between China and the U.S., and Europe, but amid the gloom, Germany was still a world leader with 7.6 GW of solar capacity added and Italy was still the world's third largest market, with 3.3 GW.
China installed between 3.5 and 4.5 GW – EPIA expects to announce final figures in its annual report in May – to come in second behind Germany, with the U.S. fourth with 3.2 GW, Japan fifth with 2.5 GW and France sixth with 1.2 GW.
"The photovoltaic industry clearly faces challenges but the results of 2012 show there is a strong global market for our technology. Even in tough economic times and despite growing regulatory uncertainty, we have nearly managed to repeat the record year of 2011," said EPIA President Winfried Hoffmann.
He added, "The key going forward will be to address these new market challenges and continue policies that help PV technology to grow sustainably, continuing its evolution to a mainstream electricity source."
Keep your finger firmly on the photovoltaic pulse: sign up for our daily newsletter
- 14272 views
- 3118 views
- 2604 views
- 2426 views
- 2241 views
Want to publish your press releases for free? Simply log in or register, enter the information you want to appear and we'll publish it for you!