PV installs to triple by 2017 in emerging countries
Small emerging markets are the next big opportunity for global solar growth, according to IHS, where photovoltaic (PV) installations are expected to rise at about triple the global average from 2012 through 2017.
Annual installations in emerging countries are expected to increase to 10.9 GW in 2017, expanding at a compound annual growth rate (CAGR) of 38 percent from 2.2 GW in 2012, according to IHS. In contrast, the overall global market will expand at a CAGR of only 13 percent during the same period. The emerging markets will account for 19 percent of global installations in 2017, up from just 7 percent in 2012
"Across the world, new markets for solar PV are emerging, propelled by government incentives, including tenders for large-scale contracts, feed-in-tariff (FIT) schemes and self-consumption support," said Josefin Berg, senior PV analyst at IHS. "Although these markets sometimes have huge hurdles -- like limited financing, regulatory uncertainty and opaque local regulatory conditions -- companies throughout the solar supply chain can benefit from targeting these fast-growing emerging countries."
 |
| Credit: Fieldsken Ken Fields/Wikimedia Commons |
"Across the world, new markets for solar PV are emerging, propelled by government incentives, including tenders for large-scale contracts, feed-in-tariff (FIT) schemes and self-consumption support," said Josefin Berg, senior PV analyst at IHS. "Although these markets sometimes have huge hurdles -- like limited financing, regulatory uncertainty and opaque local regulatory conditions -- companies throughout the solar supply chain can benefit from targeting these fast-growing emerging countries."
Read more: PV installs to triple by 2017 in emerging countries - FierceEnergy http://www.fierceenergy.com/story/pv-installs-triple-2017-emerging-countries/2013-09-30#ixzz2gdMMkRfG
No comments:
Post a Comment