INDUSTRY I MARKETS
Asia Pacific PV Markets Soar
According to the latest NPD Solarbuzz Asia Pacific major PV markets quarterly report the solar photovoltaic in the region continue to surpass all market expectations and is becoming a key area as a market as well as for manufacturing.
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www.solar-international.net I Issue I 2012 A
sia Pacific photovoltaic (PV) markets continue to surge ahead of expectations, installing 2.8 GW in Q4’11 and a total of 6 GW in FY’11. The region as a whole grew 165% Y/Y, and is forecast to grow an additional 40% in 2012. China has emerged as the dominant force in the region, growing by a blistering 500% over 2010 levels with 48% of 2011 demand. A planned year-end 13% FIT reduction led to a surge in Q4’11 installations, reaching 1.7 GW. Low factory gate module prices
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