Global PV to exceed 35 GW in 2013
Global photovoltaic installations are forecast to exceed 35 GW in 2013, equivalent to a growth of 12%, according to an analysis published by research company IHS Solar. Last year, it says, global photovoltaic installations reached 31.4 GW.
PV predicted to produce 110 TWh in 2013
According to a new report issued by the International Energy Agency (IEA), already installed photovoltaic systems will produce “at least” 110 TWh, or 110 billion kWh in 2013, thus representing 0.5% of global electricity demand. This corresponds to the annual energy consumption of the Netherlands, it says.
SMA: Strong push for innovation in Germany
A tough domestic market prompted solar inverter company SMA to raise 70% of its revenues from outside Germany in 2012.
Downstream solar dominates VC funding scene
Downstream solar companies dominated the global venture capital (VC) fundraising arena in the first quarter of 2013, finally benefiting from historically cheap panel prices, according to consultants Mercom Capital Group.
Buffett rumor sees Suntech stock surge
With shares in insolvency-hit solar manufacturer Suntech leaping yesterday to close at US$0.48 on rumors Warren Buffett is interested in a purchase, all eyes will be on the stock when the market reopens at 3.30 pm today.
Euro PV companies petition EC over Chinese module tariffs
Representatives of more than 1,000 representatives from European companies have written to the EU to criticize any plan to apply anti-dumping duties to Chinese-made solar modules.
Central Europe smart grid market worth $10.3 billion by 2023
The smart grid market in central and eastern Europe (CEE) will be worth a cumulative $10.3 billion by 2023, according to a report by market research group Northeast Group LLC.
Japan: 4 MW of new projects connected
With solar manufacturer Renewable Energy Corporation’s (REC) recently released annual figures highlighting the Norwegian company’s heavy reliance on a shrinking European market, the panel maker has taken a step in the right direction by supplying a 1.7 MW solar project in Japan.
Solarbuzz: The unpredictability of Chinese solar demand is a headache
Despite China’s reputation as the promised land for the solar industry, the latest report from NPD Solarbuzz says wild fluctuations in demand in the country could mean suppliers which rely on markets outside the People’s Republic will enjoy an advantage.
Post-subsidy PV boom in Western Australia
New figures from local electricity retailer Synergy have shown that a second residential solar boom is taking place in the state of Western Australia (WA). With 2,500 customers each month installing photovoltaic arrays, the installation rate is many times higher than it was when now-defunct generous subsidies were in place.
