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Report: solar PV demand to grow 36% in 2014
Solar Industry News | January 7, 2014 by Brian | 0 Comments
Report: solar PV demand to grow 36% in 2014 - Solar Tribune
Solar Industry News | January 7, 2014 by Brian | 0 Comments
Global demand for solar PV is set to reach 49 GW this year, up from 36 GW in 2013, with almost half coming from the Asia-Pacific region.
The prediction comes from research firm NPD Solarbuzz’ latest quarterly report, which finds that the last quarter of 2013 and first quarter of 2014 will be record breaking periods.
“The solar PV industry has reached a critical tipping point, with end-market demand hitting record levels almost every quarter,” said Finlay Colville, vice-president at NPD Solarbuzz.
“This growth is being driven by leading module suppliers and project developers that returned to profitability during 2013, and which have now established highly-effective global sales and marketing networks.”
From October 2013 to March 2014, almost 22 GW of solar photovoltaics will be installed worldwide. That month period will have more installations than 2005 to 2009 put together, and equivalent to one new 5 MW solar farm completed every hour for six months.
Report: solar PV demand to grow 36% in 2014 - Solar Tribune