Global demand for the photovoltaic pv sector

[PVcompare]

GLOBAL demand in the photovoltaic (PV) industry saw an increase of almost 20% compared to last year, said market research firm Solarbuzz, in it’s latest quarterly report to the industry sector.

In new findings Solarbuzz say PV installations also hit record levels and global demand for solar PV demand will exceed expectations in 2014, with signs of pricing now stabilising in the third quarter.

The UK and Japan in particular will see a surge in projects racing to completion in early 2014, with half of global growth projections in the US and China.

The report from Solarbuzz said its report analysed end-market PV forecasts for the top 100 nations in solar PV installation rates.

[russ]

Last I heard, 20% of not much is still not much.

[Shockah]

Hawaii won't think on a Global Level

After substantial growth in 2011 & 2012, the PV market got stonewalled by the local utility company who who has the market monopolized and great influence in the political arena.

Quite sad actually... because the sunniest state in the USA should be a world leader in Photovoltaic Energy.

[PVcompare]

After substantial growth in 2011 & 2012, the PV market got stonewalled by the local utility company who who has the market monopolized and great influence in the political arena.

Quite sad actually... because the sunniest state in the USA should be a world leader in Photovoltaic Energy.

Yep, same in Italy..
But, even in China in some respects, not everything is going well :

AFTER nearly $48 billion of subsidies spent by the Chinese state to dominate the global market in solar power - many small businesses in the sector are continuing to go bankrupt, or consolidating with others – with business experts predicting there will only be 10 to 12 companies left once the industry finally re-emerges.

China’s backing for the solar industry has created massive manufacturing giants that made them dependent on local state aid. But as the price of PV products recovers, many are now crippled with debts and over capacity, with profit sheets looking at zero for the foreseeable future.

A Chinese solar power expert, said: “Our industry is looking anorexic and not in very good shape at the moment. Exports to the global economy accounts for seven out of every 10 solar panels produced worldwide together with eight of the 10 panel makers.”

A spokesman at the Chinese government, added: “We are looking to consolidate the sector and supporting businesses through loans is not the answer.”

Meanwhile, China and Japan look set to overtake Germany and Italy as the world’s biggest market for solar panels. The Chinese government estimates the country will spend nearly $294 billion on renewable energy in the five years to 2015.