INDUSTRYNEWS PV already adding to energy mix
PV POWER is well on the way to contributing an important share of the future energy mix; the European Photovoltaic Industry Association (EPIA) presents its Global Market Outlook until 2015. Over the past decade, the photovoltaic (PV) market has experienced unrivalled growth among all energy generating technologies. At the end of last year, the global photovoltaic market has reached a cumulative installed capacity of some 40 GW, with an added capacity of 16.6 GW during 2010.
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The PV market saw unprecedented growth in 2010. Capacity additions grew from 7.2 gigawatts (GW) installed in 2009 to 16.6 GW in 2010 thus making solar photovoltaic power the leading renewable energy technology in terms of new capacity growth in Europe last year. The total installed capacity in the world now amounts to around 40 GW, producing some 50 Terawatt-hours (TWh) of electrical power every year. The major increase seen in 2010 was linked to the rapid growth of the German and Italian
markets. With 7.4 GW installed in just one year, Germany continues to lead the PV market world-wide, while Italy, installing 2.3 GW, starts to exploit its huge potential of solar resources. Other countries also saw significant growth. The Czech Republic experienced a burst to 1.5 GW in 2010 that is however unlikely to be sustained in 2011. Japan and the U.S. almost reached the gigawatt mark with, respectively, 990 and 900 megawatts (MW) installed last year. France reached over 700 MW, while Spain regained some ground by installing 370 MW after two
years of strongly adverse conditions. Belgium connected more than 420 MW of PV capacity to the grid in 2010. In the EU more than 13 GW of new PV capacity were added in 2010 while the rest of the world accounted for almost 4 GW.
PV markets are stronger than they have ever been, and PV now appears on the energy map of several countries as a real alternative to conventional electricity sources. In several countries, grid parity for small-scale residential and commercial systems will be reached in the coming years. It is expected that PV reaches progressively competitiveness all over Europe by 2020.
With projections reaching from over 130 to circa 200 GW of globally installed PV systems by 2015, also the future trend is outstanding. Within the coming years, solar photovoltaic power is well on the way to becoming a fully competitive part of the electricity system in the European Union and an increasingly important part of the energy mix around the Globe.
Global growth gathers pace
ACCORDING to a new report “Global Photovoltaic Market Forecast to 2013”, global PV industry has been witnessing tremendous momentum on the back of growing concern towards declining conventional energy resources and highly volatile oil prices across the globe. With the growing demand for energy worldwide, the global PV market gets double in every two years, thus leading to reduction in price and increase in efficiency of modules. Moreover, increasing government support in the form of incentives will propel the growth of the annual installations in coming years. The annual PV installation globally will reach around 71 GW by 2014.
According to the research, Germany and Japan are the clear leaders in terms of PV cumulative installation and annual PV installation. However, it is expected that the annual installations in Japan will hamper in future due to the recent natural
disaster. Although EU members and the Asia Pacific countries are heavily investing in new PV technologies and production facilities, a lot of work still needs to be done especially at the financial and marketing fronts. Further, the report anticipates that, the future of PV market will largely depend on the government’s enforcement of existing or new support mechanisms across the world. Besides, competition among the major manufacturers is expected to intensify, with new players entering the market as the potential for PV opens up.
The report focuses on the growing marketplace for the PV industry at the global as well as country level and analyzes current trends along with future prospects. It contains data on cumulative PV capacity, annual installed PV capacity, and the future market potential of the key countries. It also covers Europe, Asia- Pacific, and the Americas regions with
special emphasis on key countries and current situation of the photovoltaic market in these countries.
The report also features the leading edge opportunities critical to the success of the PV industry. It will help clients in determining the forces backing the growth of the PV industry, thus enabling them to outline their future market strategies accordingly.
www.solar-pv-management.com Issue V 2011
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