Solar Market Set to Continue Expansion in 2011

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installations will amount to 20.2 Gigawatts

Solar Market Set to Continue Expansion in 2011
Solar Market Set to Continue Expansion in 2011

Despite concerns that reductions in government incentives will halt growth in installations of solar Photovoltaic (PV) systems in 2011, iSuppli Corp. predicts the global PV market will continue to expand next year as falling prices make solar energy more attractive, according to iSuppli Corp. Global PV system installations in 2011 will amount to 20.2 Gigawatts, up 42.7 percent from 14.2GW in 2010. While this represents a significant slowdown from 97.9 percent growth in 2009, it remains an impressive performance in light of expected rollbacks in subsidy programs from various governments.

Posted on August 19, 2010 - (8715 views)
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