Solarbuzz released their recent findings that nine countries, up from six last year, are on the path to exceeding 250MW this year. Germany leads the global solar market, while Italy, Czech Republic and France harbour the promise of reaching the milestone with their solar growth.
“PV demand growth in each major market region is being shaped by economic uncertainty, complex and frequently changing government policies,” noted Craig Stevens, President of Solarbuzz. “Despite political and economic woes, PV supply is barely able to keep up with demand. Set against the weak European economic environment, the risk of future moderation of PV incentive policy around Europe will necessitate flexibility in corporate sales and marketing initiatives to handle changes in market mix.”
Although the world’s economies are in less than perfect order, the potential for growth in countries such as Italy, Czech Republic and France is estimated to be around 3GW in 2010. In addition, these countries, along with the US and Japan, have the potential to become the third country to ever install 1GW of PV in one year.
China and India add to the significant growth for the PV market with almost 100 planned installations in China adding up to 18.6GW and an Indian pipeline supplying an added 4.8GW. Japanese module manufacturers are continuing the development of their domestic market while distribution channels are growing as well with companies like Yamada Denki and Toshiba.