BUSINESSANALYSIS
Asia Pacific’s installed solar PV power
generation capacity grew 32% from
2,850MW in 2008 to
3,763MW in 2009
34
by 2020 which equates to 39.5GW of installed solar PV power generation capacity in the country. As a member of the EU, Spain has agreed to generate 29.4% of its electricity through renewables by 2020. In order to achieve the stated target, Spain intends to install 10GW of solar PV and at least 4.2GW of CSP plants by 2020.
Solar power in North America North America’s installed solar PV power generation capacity grew 45.5% from 1,201MW in 2008 to 1,748MW in 2009. The installed solar PV power generation capacity in North America grew at a CAGR of 30.4% during 1999–2009. Within the US, California was the state with the largest volume of installed solar power generation capacity, accounting for 67% of the installed solar power generation capacity of the US in 2009. The installed power generation capacity for CSP technologies in North America was 433MW, as of May 2010. All of the CSP plant installations in North America took place in the US. The growth of solar power in the region is predominantly driven by government grants and subsidies. The US is among the first countries to enact renewable supporting legislation, as some of its renewable legislation were enacted way back in 1978. The country does not have a national level FIT, however, currently 21 states are considering the implementation of FIT. Continuing the historical trend, the US is likely to drive the majority of the growth in solar power.
Canada, on the other hand is not likely to record a significant growth in solar power unless nation- wide legislation to support the solar power is created. The moderate case projections by the EPIA, based on existing legislative framework, states that installation of solar PV in the US in 2010 could reach close to 600MW, making the installed solar PV power generation capacity close to 2,246MW.
Solar power in Asia Pacific Asia Pacific’s installed solar PV power generation capacity grew 32% from 2,850MW in 2008 to
3,763MW in
2009. The growth in solar PV was predominantly driven by Japan, Korea, and China as together these countries accounted for 89% of the total solar PV growth in 2009. Currently, there are no large scale CSP plants operating in Asia Pacific region.
There have been only demonstration CSP projects installed, which are in Taiwan and China. Most of the legislation governing renewable energy in the Asia Pacific region has been introduced recently. Apart from Japan, most of the countries in the region have introduced firm and nation-wide legislation pertaining to solar power from 2007 onward.
Asia Pacific region is likely to become a key growth market for solar power, after Europe and North America. The majority of the future growth in solar PV installations in Asia Pacific is likely to be driven by Japan, China, and India.
The EPIA expects Japan to reach an installed solar PV power generation capacity of 3GW in 2010 and 7.5GW by 2014. According to projections by the EPIA, China’s installed solar PV power generation capacity may reach up to 2GW by 2014 under moderate scenario. The Indian government plans to channel the growth of solar PV in the country through Jawaharlal Nehru National Solar Mission (JNNSM) program dedicated to solar power. The program sets a roadmap to achieving an installed solar power generation capacity of 22GW by 2022 from the existing 120MW in 2009.
Solar power in Latin America The total installed solar PV power generation capacity in Latin America is estimated to be 50.7MW. Mexico, Brazil, Argentina, and Peru are the leading countries in solar PV installation. The governments of Latin American are overall more supportive for hydropower and wind power generation compared to solar power. However, countries like Mexico and Peru hold potential for solar power due to their geographic location. Certain countries which do not have very high insolation (compared to other countries), such as Brazil and Argentina, are also promoting solar power, primarily solar PV, in order to create a balanced renewable power portfolio.
Mexico has a large number of potential sites for solar power as the country enjoys a high level of insulation. So far, the solar power installed in Mexico has been carried out entirely through government funds in order to electrify the rural areas. Brazil is likely to continue to promote solar power the key source for rural electrification. Similar to Mexico, the growth in solar power in Brazil will primarily be routed through government funds and NGOs.
As Latin America has relatively a lesser number of
www.solar-pv-management.com Issue IX 2010
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