After a murky beginning to 2012, punctuated by a spate of bankruptcies and ongoing political pressure in many Western countries to continue reducing support for solar energy, analysts have emerged united in their belief that the global PV market will continue to grow this year – with the only uncertainty being the scope of the expansion.
At the pessimistic end of the spectrum is Boston-based Lux Research, which predicts that after last year – when capacity additions soared 66% on the back of record-low module prices and looming incentive reductions across the Western world – the industry will put up a far more muted performance in 2012.
Matthew
