11GW of PV shipped in Q4 2012: IHS

The PV industry shipped a record 11GW of modules during the fourth quarter of 2012, and will see annual installations grow 10% this year to 35GW, making 2013 the “year of the turnaround”, according to IHS analyst Stefan de Haan.

The forecast is the latest in a series of increasingly bullish predictions for the global PV industry in 2013, with most analysts now expecting significant shipment and installation growth, even as the vast majority of companies continue to bleed red ink – and many smaller players disappear altogether.

To put the 35GW figure in perspective, five years ago, in 2008, the global PV industry added 5.6GW of capacity, while a decade ago it added just 594MW.

After a disastrous third-quarter, in which global installations and module prices fell sharply, the industry notched up Log in to read complete article.

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