Distributed PV generation nears grid parity in major markets


The company forecasts that from 2013 to 2018, 220 GW of distributed PV will be installed worldwide, thus representing US$540.3 billion in revenue. This is mainly based on the assumption that PV module prices and installation costs will continue to decline until they reach grid parity by 2018.

The 2012 distributed PV market was said to have seen a slight contraction, continued the report. This is said mainly to be due to the European Union’s uncertainty surrounding feed-in tariff (FIT) reductions, and to the decreased installations in Germany and Italy. This was, however, counterbalanced by a growth in the distributed PV markets in Asia Pacific (led by China), and North America (led by the United States).

According to the report, the emerging trends that will shape the distributed solar energy generation market include drops in installation costs, the development of leasing programs to private homeowners, and an increase in government incentives.

Overall, it analyzes the global market for distributed photovoltaic systems less than 1 MW and assesses the most important market drivers, technology trends and challenges faced by the growing PV sector, with forecasts extending through to 2018.

Despite last year’s slight market contraction, global data generally suggests that distributed PV systems have the potential to play a big role in future business models. The global electric power industry is evolving from a model that relies on large centralized power plants owned by utilities to one that is more diverse in terms of sources and ownership.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

SunPower stock crashes 70%

19 July 2024 The company’s share price fell below $1 as it announced it is halting some operations and ending its lease and power purchase agreement offerings, amo...


Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.