Strong market demand that is expected to continue through the second half of 2010 is behind a revision of Barclays Capital global PV demand forecast. With Germany, Italy, and the Czech Republic installation figures expected to be significantly higher than the previous year, Barclays Capital now expects 12.2GW installed compared to its previous upbeat forecast of 11GW.
However, Barclays Capital does not see significant growth in 2011, due in part to the impact of feed-in tariff changes in the hot European markets. However, it has revised upwards its forecast for the U.S. next year. Barclays Capital expects the U.S. market to top 2GW in 2011, up from 1.75GW previously forecasted.
The biggest expected decline in 2011 is Spain, with the investment bank forecasting only 72MW being installed, down from its previous forecast of 540MW.