Despite the ups and downs of the solar market around the world, the recent article on Renew Economy suggests that solar will still be looking to enjoy another positive year in 2012.Germany, the world’s second largest solar market that was planning to reduce its installs from 7GW in 2011 to 3-4GW this year seems to be holding off on this reduction. As predicted by DIKH, the German chamber of industry and trade, it is more likely to increase installs to 8GW this year, especially with the government delaying introduction to subsidy cuts.
Further, the US market is also expected to grow from 1.8GW in 2011 to 3kW in 2012, while the Chinese market, which installed just over 2GW in 2011 is expected to double or quadruple in this year as well, with support of the governments feed-in tariff.
Finally, Clean Edge, a US consultancy group has also showed that the solar PV industry has grown by over US$20 billion in the short period from 2010 to 2011.
With such high expectations and predictions for the growth of the solar PV system in the coming year, it seems safe to say that the solar industry is here to stay!
For more information, have a read of the article: