Solar PV installations to hit 17GW in 2011, research says

Chinese solar panel makers will continue to gain market share on cost competitiveness

Chinese solar panel makers will continue to gain market share on cost competitiveness

Global solar photovoltaic (PV) installations are forecast to reach 13GW by the end of this year and 17GW by 2011 on production growth and declining prices, a research paper shows.

“We expect a virtuous cycle of falling production costs and module average selling prices (ASPs) to stimulate demand further,” says Goldman Sachs Gao Hua, an affiliate of China-based Gao Hua Securities Investment Research.

The Goldman Sachs Global Clean Energy team bases its installation forecast on supply forecast of 20GW and 28GW in 2010 and 2011 respectively, and a downside risk in 2012 of 18-22GW.

Supply is likely to come from lower cost producers such as thin-film makers and Chinese crystalline module makers, the research paper says.

“We think demand may arise where government mandates Log in to read complete article.

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