The global solar market is set to continue it strong growth in 2011, the world's biggest solar industry body said, but cautioned a decline could not be ruled out should political support for the industry fade.
Under an optimistic scenario, the global photovoltaic (PV) market could reach 21.145 gigawatts (GW) in new capacity this year, up 27 percent from 2010 installations, the European Photovoltaic Industry Association (EPIA) said.
EPIA usually provides an estimate range based on what it calls a "moderate" scenario and a "policy-driven" scenario, depending on the degree of political support.
"The Policy-Driven scenario proved to be the most accurate one over the past years. However, a market stagnation or even a small decrease in 2011 is not impossible," EPIA said in its global market outlook published on Wednesday.
The moderate scenario pencils in new installations of 13.330 GW this year, which would equal a 20 percent decline from the record 16.629 GW added in 2010.
Thursday, 5 May 2011
Photovoltaic market could grow 27 pct in 2011-EPIA | Reuters
via reuters.com
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